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28 FEBRUARY 2019 AL CIRCLE

US domestic primary aluminium production up about 18% YoY for the period from January to November 2018

EDITED BY : BEETHIKA BISWAS 2MINS READ

According to the latest report from US Geological Survey, US domestic primary aluminium production in November 2018 was 88,000 tonnes. The average daily production in November was 2,920 tonne, 8% more than that in October 2018, 44% more than that in November 2017 and 43% more than that in November 2016. The report indicates some positive impact of Trump’s tariffs on aluminium on the domestic primary sector.

For the period from January to November domestic primary aluminium production stood at 797,000 tonnes. It registered a growth of about 18% from the same period of 2017 in which the U.S. churned out 677,000 tonnes of primary aluminium.

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Secondary aluminium continued to be a major segment of total aluminium supply. Total aluminium recovered from scrap in November 2018 was 296,000 tonne, 5% less than that in October 2018 but 3% more than that in November 2017. For the period from January to November, secondary aluminium production stood at 3.35 million tonnes, unchanged from the same period in 2017. 

Inventories of primary aluminium in LME-approved warehouses in the United States decreased to 57,175 t at the end of November from 59,275 t at the end of October. Inventories of secondary aluminium (North American Secondary Aluminum Alloy Contract) in LME-approved warehouses in the United States decreased to 137,680 t at the end of November from 143,160 t at the end of October.

The average U.S. market price of primary aluminium ingot decreased 4% to US$ 2380 per tonne in November from that in October 2018.


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EDITED BY : BEETHIKA BISWAS 2MINS READ

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