24 AUGUST 2011livemint
Chart Of The Day | Aluminium in steady state
Edited by : AL CIRCLE
1 min read
Global primary aluminium production has been trending up in 2011, and rose 5.8% year-on-year (y-o-y) in July. Higher production in relatively new aluminium-producing regions, such as the Gulf, and in Europe and the US—in response to growing consumption—is a key reason.
In Asia, China’s production was up by 12% y-o-y in July, showing demand continued to improve in 2011. Inventories with firms have shown a rising trend, though they fell in July. Inventory levels may become an overhang if demand turns weak.
In Asia, China’s production was up by 12% y-o-y in July, showing demand continued to improve in 2011. Inventories with firms have shown a rising trend, though they fell in July. Inventory levels may become an overhang if demand turns weak.
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