IAI: Global primary Al output at 5.54 mln t in Feb
Meanwhile, according to the Institute's revised data for January, total primary aluminum output and the average daily production globally that month registered 6.06 million tonnes and 195,500 tonnes, respectively. Following the revisions, the world's total primary aluminum output in February dropped by 8.55% on the month basis, while the daily average last month also lost 2.2% from January.
In February, China remained at the top of the production list among all major primary aluminum smelting countries and regions around the world, with its estimated output of primary ingot climbing by 3.75% on year to 3.24 million tonnes, the Institute noted.
Also, the IAI has revised China's estimated primary ingot output for January from 3.56 million tonnes to 3.59 million tonnes, meaning that the country's primary aluminum production totaled about 6.82 million tonnes over the past two months, higher by 3.6% on year.
The combined data for January-February is to factor out the holiday effect caused by the Chinese New Year break, which typically falls sometime during the two months.
The IAI result matched the uptrend suggested by China's National Bureau of Statistics, which showed that the country's production of the light metal added up to 7.1 million tonnes over January-February, higher by 5.5% on year. The rise in profitability led domestic aluminum smelters to ramp up their output in the past two months, as reported.
Last month, the five Gulf Cooperation Council countries – Bahrain, Oman, Qatar, Saudi Arabia, and United Arab Emirates – took the second place in global output after China by collectively producing 495,000 tonnes of primary ingot, higher by 2.91% on year.
Asia (excluding China) followed with a total 382,000 tonnes of aluminum production by countries including India and Indonesia in February, jumping by 7.3% on year, the IAI's data showed.
Primary al output of the world's top 10 countries/regions |
||
Country/Region |
Feb-24 |
|
Unit: '000 tonne |
Y-o-Y (%) |
|
Total |
5,544 |
3.94 |
China (E) |
3,237 |
3.75 |
Gulf Cooperation Council |
495 |
2.91 |
Asia (ex China) |
382 |
7.3 |
Russia & Eastern Europe |
324 |
4.52 |
North America |
318 |
8.9 |
Western & Central Europe |
216 |
3.35 |
Oceania |
147 |
2.08 |
South America |
120 |
8.11 |
Africa |
117 |
-4.88 |
Unreported to IAI (E) |
188 |
- |
(E): Estimated, source: IAI
Written by Carly Chen, chenziyi@mysteel.com
Edited by Alyssa Ren, rentingting@mysteel.com
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