China’s primary aluminium production in November climbed 9.4% from a year earlier as looser power restrictions allowed some regions to ramp up output and as new smelters started operation.
China’s output has risen in each of the last nine months compared with year-ago figures, after strict electricity usage restrictions in 2021 had caused significant declines in output.
The most-traded aluminium contract on the Shanghai Futures Exchange averaged 18,845 yuan ($2,707) a tonne in November, up 6.1% from the previous month.
Aluminium producers in China’s southwestern region, chiefly Sichuan province and the Guangxi region, ramped up production last month while new capacity was launched in northern China’s Inner Mongolia region.
November’s number is equivalent to average daily output of 113,667 tonnes, compared with 111,290 tonnes in October.
In the first 11 months of the year China produced 36.77 million tonnes, a rise of 3.9 % from the same period last year, the data showed.
Production of 10 nonferrous metals – including copper, aluminium, lead, zinc and nickel – rose 8.8% in November from a year earlier to 5.88 million tonnes. Year-to-date output was up 4.2% at 61.81 million tonnes. The other non-ferrous metals are tin, antimony, mercury, magnesium and titanium.
Source：https://www.reuters.com/markets/commodities/china-nov-aluminium-output-rises-power-controls-ease-2022-12-15/
Edited by May Jiang from MAT Aluminum
Post time: Apr-11-2023
