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According to statistics released by the International Aluminum Institute (IAI) on July 22nd, global aluminum production totaled around 5.25 million tons in June, down by 3% from the previous month and dropping by 4.2% compared to the same month a year ago.

In the first half of this year, global aluminum production had a year-on-year decrease of 0.5% to around 31.6 million tons, of which the production from China accounted for 56.5% of the total, dropping by 0.4% year on year to 17.9 million tons.

A report from the World Bureau of Metal Statistics (WBMS) showed that the global aluminum market had a shortage of 344,000 tons in the first 5 months of this year, compared to 993,000 tons in the whole year 2018.

The demand for primary aluminum from January to May was up by 2.0% year on year to 25.8 million tons roughly, and the production of primary aluminum had a year-on-year increase of 2.2% or 556,000 tons.