Jan-May 2024: China’s aluminium raw material imports set a bullish trend, with alumina inflows surging 60% Y-o-Y
During January-May 2024, China witnessed a positive trend of aluminium raw material and aluminium product imports, as demonstrated by the Shanghai Metals Market’s latest survey. Considering raw materials, China’s bauxite and alumina imports grew in May due to the growing demand for primary metal production, as many smelters, especially in Yunnan, resumed operations because of the increased generation of hydropower backed by sufficient rainfall. According to the National Bureau of Statistics, China’s primary aluminium production in May reached 3.65 million tonnes, marking a 2-year high.
China is increasingly depending on imported ore as domestic supply lines are struggling. At the end of May, out of 100 million tonnes, China’s operating capacity stood at 82.29 million tonnes, with an operating rate of 82.3 per cent.
Delving into alumina & bauxite imports
Events
e-Magazines
Reports
This news is also available on our App 'AlCircle News' Android | iOS
A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems
Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines
Leading manufacturer of value-added equipment for the aluminum casthouse
Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals.
Your reliable partner in aluminum casthouse equipment and products
Fioscope provide air-cooled camera technology for high temperature applications
.jpg/0/0)
Business Leads
