US aluminium output stands at 88,000 tonnes in February 2020; secondary recovery increases 3% MoM
According to the latest report from the US Geological Survey, US domestic primary aluminium production was 88,000 tonnes in February 2020. The average daily production stood at 3,030 tonnes, slightly less than that in February 2019. The output was slightly more than that in January.
Total aluminium recovered from scrap was 278,000 tonnes in February. That was 3% more than the amount in January and slightly more than the amount in February 2019.
Of this, 157,000 tonnes of aluminium was recovered from new scrap and 122,000 t was recovered from old scrap.
In February, the average U.S. spot market price of primary aluminium ingot was $0.905 per pound, 4% less than that in January.
Inventories of primary aluminium in LME-approved warehouses in the United States decreased to 3,725 tonnes at the end of February. Inventories of secondary aluminium (North American Secondary Aluminium Alloy Contract) stood at 35,260 tonnes at the end of February 2020.
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