World alumina production in H1 2024 heightens 2.34% Y-o-Y despite sluggish contribution from Oceania

The contribution of Oceania to the H1 alumina production decreased year-on-year from 13.51 per cent to 12.50 per cent, with the decline in domestic production.

In the second quarter of 2024, the worldwide production of alumina came in at 35.775 million tonnes, up by 1.66 per cent Q-o-Q from 35.190 million tonnes and 0.87 per cent higher than 35.466 million tonnes a year ago.  

Q2 production of alumina grew sequentially despite M-o-M declines in April and June. The output in April dropped by 2.83 per cent from 12.107 million tonnes to 11.764 million tonnes, while that in June decreased by 1.38 per cent from 12.089 million tonnes to 11.922 million tonnes.

Region-wise H1 production

China, in H1 2024, produced 41.177 million tonnes of alumina compared to 40.2 million tonnes during the corresponding period of the previous year. That reflected an annual increase of 2.43 per cent, driven by a sequential hike in Q2 output by about 5.47 per cent and a Y-o-Y growth of 1.13 per cent to 21.137 million tonnes.

However, in June, China’s alumina output trended down by 3.23 per cent M-o-M and 1.45 per cent Y-o-Y to stand at 6.987 million tonnes.

In the Oceania region, alumina production during H1 2024 totalled 8.873 million tonnes versus 9.367 million tonnes in H1 2023. The year-on-year downfall in H1 followed a declining output in Q2 by about 10.36 per cent from 4.729 million tonnes to 4.239 million tonnes. On a quarter-on-quarter basis, Oceania’s Q2 production edged a fall of 8.52 per cent from 4.634 million tonnes.

In June 2024, Oceania’s alumina production was 1.332 million tonnes, down by 6.53 per cent M-o-M from 1.424 million tonnes and 12.43 per cent Y-o-Y from 1.521 million tonnes.