NBS: Good profits firm China’s aluminum output in May
Jun 17, 2020 08:35
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China’s production of primary aluminum reached 2.98 million tonnes during May, up 1.5% on year and but flat from the 2.97 million tonnes smelted in April, according to the latest data from China’s National Bureau of Statistics published on June 15. A recovery in profits had encouraged smelters to maintain operations, market sources said.
Last month’s result meant that over January-May, primary aluminum production totalled 11.8 million tonnes, higher by 2.4% on year, the statistics showed.
“Due to the COVID-19 outbreak which started late January, aluminum stocks at smelters and traders rapidly climbed as downstream enterprises delayed restarting work in February and March following the