Aluminum Production Outside China Down 10.2% YoY in April 2026, Expected to Continue Declining
According to SMM statistics, total aluminum production outside China declined 10.2% YoY in April 2026, with daily average production down 10.0% MoM, mainly due to the further impact of production cuts at Middle Eastern smelters. In May 2026, production resumptions at US and Icelandic smelters and production ramp-up at new Indonesian projects are expected to drive a MoM increase in daily average production. However, as the total volume is expected to fall short of the scale of Middle Eastern production cuts, aluminum production outside China is expected to maintain negative YoY growth.