Global Aluminum Market Reports Oversupply in June 2024, with 97,200 Tonne Surplus

Published: Aug 22, 2024 15:55

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According to the latest report from the World Bureau of Metal Statistics (WBMS), the global primary aluminum supply exceeded demand by 97,200 tonnes in June 2024, with a production of 5,903,100 tonnes and a consumption of 5,805,900 tonnes. In the first six months of this year, global primary aluminum production reached 35,448,100 tonnes, while consumption totaled 34,728,300 tonnes, resulting in an oversupply of 719,800 tonnes.

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