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China June Aluminium Output Climbs to Record -Report

Metal News - Published on Wed, 17 Jul 2019

Image Source: Reuters
Reuters reported that China’s daily aluminium output hit record levels in June, according to Reuters calculations, even as total production for the whole of the month fell slightly. According to data released by the National Bureau of Statistics, world’s top aluminium producing country churned out 2.97 million tonnes of the metal last month, the bureau said. That was down from 2.98 million tonnes in May, but up 1.3% YoY. On a daily basis, output averaged 99,000 tonnes in June, according to Reuters calculations. That was up from around 96,000 tonnes in May, and surpassed the previous record of around 98,400 tonnes, sent last December.

Ms Jackie Wang, an aluminium analyst at CRU in Beijing, said the high June number was likely explained by ramp-ups at projects in Yunnan and Guizhou, both in southwest China.

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Posted By : Rabi Wangkhem on Wed, 17 Jul 2019
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