SHANGHAI, Jul. 20 (SMM) – Global primary aluminum market was in a deficit of 735,000 tonnes during January-May, versus 1.1 million tonnes for the whole of 2016, according to latest data from World Bureau of Metal Statistics (WBMS).
SMM Data: China Aluminum Output Grows in June
Primary aluminum output worldwide grew 1.37 million tonnes or 5.9% year-on-year during January-May. Output in China was estimated at 13.86 million tonnes, accounting for 56% of global total. Primary aluminum demand worldwide rose 1.61 million tonnes year-on-year to 25.34 million tonnes in the same period.
SMM: China Aluminum Stocks Hit Over 4-Year High
In May, global primary aluminum output was 5.04 million tonnes, while consumption was 5.08 million tonnes.
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