China accounts more than 50% of global aluminium production in January-May 2017, says WBMS
According to the latest data from World Bureau of Metal Statistics (WBMS) and published by Shanghai Metals Market, the primary aluminium market worldwide was in a deficit of 735,000 tonnes during January-May as compared to 1.1 million tonnes for the whole of 2016.
The global primary aluminium production rose 1.37 million tonnes or 5.9 per cent year-on-year through January-May.
China produced 13.86 million tonnes of primary aluminium during January-May, accounting for 56 per cent of global total. The demand for global primary aluminium grew 1.61 million tonnes year-on-year to 25.34 million tonnes in the same period.
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Primary aluminium production worldwide was 5.04 million tonnes while consumption was 5.08 million tonnes in May.
China’s primary aluminium production increased 4.2 per cent year-on-year to 2.83 million tonnes in May. The country produced 2.93 million tonnes in June, an increase of 7.4 per cent year-on-year.
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