Global aluminium production drops 1.6% Q-o-Q in Q1 2026, led by declines across Africa, GCC, South America, and Oceania

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The opening quarter of 2026 presents a curious contradiction. On the surface, global aluminium production slipped-from 18.6 million tonnes in Q4 2025 to 18.3 million tonnes in Q1 2026, a 1.6 per cent decline. But step back, and the bigger picture tells a different story: output remains 1.1 per cent higher than Q1 2025 levels. So what changed so quickly-and why did almost every region move in the same direction?
A cooling cycle, starting with China in Q1 2026
The slowdown did not come from one place. It showed up everywhere, almost at once.
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