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| Commodity News |
| HeadLine : |
China's annual aluminum output falls for first time in 10 years |
| Date : |
Jan 17 2020 |
Aluminum output in the world’s largest producer of the metal dropped to 35.04 million tonnes last year, down 0.9% from a year earlier, the National Bureau of Statistics (NBS) reported. China’s full-year aluminum output last fell in 2009, according to data on the NBS website, although estimates from the International Aluminum Institute show production rising every year this century. December output rose by 4.9% from the previous month to 3.04 million tonnes, the NBS said, boosted by a wave of smelter restarts. It was down 0.7% from the all-time high hit in December 2018 but still marked the second-highest figure on record. The restarts were due to a combination of higher prices and completed repairs, said Lu, who expects January output to rise following the start-up of Henan Shenhuo’s new plant in Yunnan on Dec. 31 and the second phase of Yunnan Aluminum’s Heqing smelter earlier this month.
Source : Reuters
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