World’s primary aluminium production in Q1 2024 maintains Y-o-Y momentum amid sequential drop
In the first quarter of 2024, the world’s primary aluminium production manifested an annual growth trajectory while it shied away from growing on a quarterly basis.
The global primary aluminium output in Q1 2024 ended March 31 reflected a 4.11 per cent hike Y-o-Y but exhibited a 1.24 per cent drop Q-o-Q. But the monthly production in March, standing at 6.073 million tonnes, increased month-on-month as well as year-on-year by 7.15 per cent and 3.55 per cent, respectively.
Global production in the first quarter of 2024 stood at 17.802 million tonnes, compared to 18.025 million tonnes in Q4 2023 and 17.099 million tonnes in Q1 2023.
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