According to statistics released by the National Bureau of Statistics of China (NBS), driven by rising smelter profits and domestic demand, China’s primary aluminum production totaled 3.62 million tons in October, up by 6% compared to the same month a year ago, hitting a record monthly high.
China's aluminum consumption has remained stable, and the demand from the new energy industry, especially the solar industry, is especially strong.
In the first ten months of this year, China produced a total of 34.46 million tons of primary aluminum, a year-on-year growth of 3.7%.
Macquarie, a global financial services group, expected that aluminum production will reach 41.4 million tons for the full year, up by 3% year on year, and China’s demand will rise by 4.6% this year.
China’s primary aluminum output hits record monthly high in Oct
16 Nov 2023 15:56 reported by Joy Liu
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