US primary aluminium production shows a 4% monthly rebound in October, but no positive change seen in YTD output
According to the latest data from the US Geological Survey, the United States' domestic primary aluminium production showed a month-on-month rebound in October 2024. Aluminium scrap recovery also grew in the same month, suggesting an overall boost in aluminium operations nationwide. However, the question remains: does this monthly improvement signal a silver lining in the backdrop of sluggish performance of primary aluminium production in the United States, or has it translated into a positive shift in year-to-date output?
Growing by about 4.4 per cent M-o-M, the United States' October output stood at 57,000 tonnes in October, following a 2.5 per cent drop in September from 56,000 tonnes to 54,600 tonnes. But unfortunately, this monthly hike was not enough to lead to an increase in the United States' year-to-date primary aluminium production that amounted to 563,000 tonnes this year, down by 18.16 per cent from 688,000 tonnes in the first ten months of 2023.
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