According to the World Bureau of Metal Statistics (WBMS), in 2018, the whole year global primary aluminum supply accounted for 667,000 tons and there was a supply gap of 298,000 tons from January to October this year.
The figure for worldwide demand in the first 10 months in 2019 was around 51.9 million tons, which fell by 750,000 tons. In addition, the raw aluminum output was at falling trend with 317,000 tons down.
By October 2019, the number of global total stocks from 4 major exchanges was roughly 1.75 million tons and the figure for last year was around 1.95 million tons.
With regard to global output in the first 10 months this year, which was down by 0.6% year on year. In the EU, the figure was with a 1.2 % increase and a 5.3% rise in the North America Free Trade Area (NAFTA).
Moreover, China took up 57% of global production.
Global primary aluminium experiences supply gap of 298,000 tons in Oct
19 Dec 2019 11:22 reported by Phoebus
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