Global aluminium production saw a modest rise in September 2023, increasing by 1.3% year-on-year to 6.01 million tons (mn t), according to data from the International Aluminium Institute. Despite the overall growth, regional performance varied, with China experiencing slowed momentum compared to earlier in the year.
China: The Driving Force with Slowed Growth
China, the world's largest aluminium producer, generated 3.6mn t in September, reflecting a 1.67% year-on-year increase. While new projects in Inner Mongolia boosted production earlier in the summer, growth plateaued in August and September due to market stabilization.
Regional Highlights
- Western Europe: Achieved a significant 6.28% year-on-year increase, producing 237,000 tons.
- Russia and Eastern Europe: Recorded a 5.81% increase, reaching 346,000 tons.
- North America: Saw a slight rise of 0.62%, with output hitting 324,000 tons.
- Asia (excluding China): Production climbed 1.55% to 392,000 tons.
- Middle East: Marginal growth of 0.78%, totaling 515,000 tons.
- Africa: Output rose 0.75% to 515,000 tons.
- South America: Maintained steady output at 124,000 tons.
- Oceania: The only region to decline, dropping 5.81% to 146,000 tons.
Key Drivers and Insights
- Profitability: Chinese smelters maximized output due to stable profits earlier in the year.
- Regional Variances: Western Europe and Russia showed strong recovery, while Oceania struggled with reduced output.
- Daily Production: Global daily output averaged 200,200 tons, remaining consistent with the revised figure from August.
This moderate increase in global aluminium production reflects a stabilizing market as regions adapt to fluctuating demands and operational challenges.
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