Africa’s primary aluminium production records a plunge of 14000 tonnes M-o-M in November 2022
Primary aluminium production in Africa stood at 127,000 tonnes during November 2022, reflecting a month-on-month plunge of 14,000 tonnes or 9.93 per cent, found the International Aluminium Institute. In October, the output amounted to 141,000 tonnes, up by 6,000 tonnes or 4.44 per cent from 135,000 tonnes a month ago.
On a year-on-year calculation, Africa’s primary aluminium output edged a drop of 4,000 tonnes or 3.05 per cent from 131,000 tonnes.
From January to November 2022, Africa churned out 1.483 million tonnes of primary aluminium in total, which recorded an increase of 2.13 per cent from 1.452 million tonnes a year ago.
The world production of primary aluminium clocked at 5.611 million tonnes in November 2022, registering a decrease of 3.21 per cent from 5.797 million tonnes in October but an increase of per cent from 5.406 million tonnes in November 2021.
World daily average primary aluminium production in November was 187,000 tonnes, showing no change from the previous month but up by 3.77 per cent from 180,200 tonnes a year earlier.
LME aluminium price moves up by US$5/t to US$2,362/t; SHFE price slips by US$19/t
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