LONDON World aluminum output rose by 2.5% to a record 65.3 million tonnes last year, with producers lifting run-rates as the aluminum price rebounded from…
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(Repeats Friday’s story with no changes to the text. The opinions expressed here are those of the author, a columnist for Reuters.) Global aluminium production in 2020: tmsnrt.rs/2LN4Se1 Global output by region in 2020: tmsnrt.rs/3o8n3aT
LONDON, Jan 22 (Reuters) - World aluminium output rose by 2.5% to a record 65.3 million tonnes last year, with producers lifting run-rates as the aluminium price rebounded from its March lows.
The COVID-19 recovery has been led by China, where booming demand has seen the world’s largest producer turn net importer of primary metal this year.
China’s giant aluminium smelting sector responded to soaring local prices with a 1.8-million tonne lift in annualised production over the second half of 2020.
North American aluminum output climbs more than 4% in 2020: IAI
North America’s primary aluminum production reached an estimated 3.98 million mt in 2020, rising about 4.4% from 2019 levels, according to International Aluminium Institute data released Jan. 20.
Earlier in the decade, aluminum capacity in North America had steadily declined each year from 4.92 million mt in 2013 to 3.77 million mt in 2018, IAI data showed. The region’s aluminum output in 2020 represents the second straight year of growth for the industry after production in 2019 changed course, climbing to 3.81 million mt from 2018.
North America’s aluminum industry in December saw production total 338,000 mt, the third highest monthly output for the year. December’s production numbers rose from 327,000 mt in November and 324,000 mt in December 2019
7 Min Read
LONDON (Reuters) - World aluminium output rose by 2.5% to a record 65.3 million tonnes last year, with producers lifting run-rates as the aluminium price rebounded from its March lows.
Aluminium bar stock is seen inside a factory in Dongguan, China April 10, 2018. REUTERS/Bobby Yip
The COVID-19 recovery has been led by China, where booming demand has seen the world’s largest producer turn net importer of primary metal this year.
China’s giant aluminium smelting sector responded to soaring local prices with a 1.8-million tonne lift in annualised production over the second half of 2020.
November saw annualised run-rates exceed 39.0 million tonnes for the first time ever, according to the International Aluminium Institute.
Is China nearing peak aluminum after record 2020 output?
Reuters | January 22, 2021 | 8:30 am
Intelligence China Aluminum
Aluminum alloys. Stock image.
(The opinions expressed here are those of the author, Andy Home, a columnist for Reuters)
World aluminum output rose by 2.5% to a record 65.3 million tonnes last year, with producers lifting run-rates as the aluminum price rebounded from its March lows.
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The covid-19 recovery has been led by China, where booming demand has seen the world’s largest producer turn net importer of primary metal this year.
China’s giant aluminum smelting sector responded to soaring local prices with a 1.8-million tonne lift in annualised production over the second half of 2020.