Global aluminum output dropped in February: IAI

Author: Paul Ploumis
23 Mar 2015 Last updated at 02:53:15 GMT
SEATTLE (Scrap Monster): The most recent statistics released by the International Aluminum Institute (IAI) indicates that the global aluminum output during the month of February this year, excluding China, dropped when compared with the prior month. However, upon comparison with the same month a year ago, the Feb ’15 output has improved considerably.

As per IAI data, the total aluminum production during February this year totaled 1.911 million mt, down by almost 9% when compared with the revised output figure of 2.104 million mt in January. The output during Feb ’15 was higher by nearly 2% when compared with the output of 1.868 million mt in February last year.

The cumulative aluminum output during the initial two months of the year totaled 4.015 million mt, slightly higher when compared with the output of 3.919 million mt during the corresponding two-month period in 2014.

The average daily aluminum output during the month of February this year was higher month-on-month and year-on-year. The daily output, excluding China, averaged at 68,300 mt per day, higher by 400 mt per day when compared with the average daily output of 67,900 mt per dat during January this year. The average daily output climbed higher by 1,600 mt per day when compared with 66,700 mt reported during February last year.

Founded in 1972, IAI currently represents over 60% of global bauxite, alumina and aluminium production. The Institute works closely with the national and regional aluminium associations. IAI has companies engaged in the production of bauxite, alumina, aluminium, the recycling of aluminium, or fabrication of aluminium or as joint venture partners in such as its members.