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14 DECEMBER 2018 AL CIRCLE

NBS reports 19% YoY increase in China aluminium production in November

EDITED BY : HEENA IQBAL 1MINS READ

China produced 2.82 million tonnes of primary aluminium in November 2018, up 3.9 percent from 2.72 million tonnes in October and up 19.2 percent from November 2017, according to data published by the country’s National Bureau of Statistics (NBS).

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The total aluminium production in the first eleven months of 2018 stood at 31.45 million tonnes up 7.5 percent year-on-year and on course for an annual record-high, the NBS data showed.

On a daily basis, the world’s top aluminium maker produced 94,000 tonnes of aluminium in November, from around 88,000 tonnes in October, according to Reuters calculations. That was the highest daily rate since July.

The rise in aluminium production came despite Shanghai aluminium prices falling by 2.8 percent in November and hitting two-year lows, leaving smelters struggling to turn a profit in a well-supplied market, Reuters reported.

China’s production of 10 nonferrous metals - including copper, aluminium, lead, zinc and nickel – stood at 4.71 million tonnes in November, up 4.2 percent from October and up 12.7 percent from November 2017. During January-November 2018, production increased 6.1 percent to 50.43 million tonnes.

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Aluminium China

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EDITED BY : HEENA IQBAL 1MINS READ

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