Global Aluminium Production outside China Continued to Increase in August, with Daily Average Output Rebounding from 20-Month Low

China produced 110,000 mt of EMM in May, up 4% MoM and down 13.2% YoY, according to SMM statistics. The combined output in January-May totalled 261,000 mt, down 54% YoY. According to SMM research, the production of EMM increased slightly in May because there were one more natural day in May compared with April.

The overall domestic copper cathode output in May was at a low level due to the intensive maintenance. Although two smelters in Shandong resumed production in May, the production of copper did not resume.

SMM data showed that China's high-carbon ferrochrome output rebounded in May, with a MoM increase of 6.48% to 591,500 mt, a YoY increase of 113,000 mt or 23.62%. The output in Inner Mongolia was 290,100 mt, a MoM increase of 27,900 mt or 10.64%.

China produced 54,750 mt of ternary cathode precursor in May, an increase of 4% month on month and 19% year on year.

SHANGHAI, Jun 6 (SMM) - China has rolled out a series of favourable policies aimed at promoting the development of the new energy vehicle industry.

SHANGHAI, May 30 (SMM) - The average cost of aluminium smelters slid 34 yuan/mt from a week ago to 18,205 yuan/mt as of last Friday due to a slight drop in alumina prices.

SHANGHAI, May 23 (SMM) - China’s sales of new energy passenger vehicles were 254,000 units in April based on the compulsory traffic insurance, up 53% YoY, but down 40.6% MoM.

SHANGHAI, May 18 (SMM) - Operating rates of mining companies have a certain seasonal pattern. Usually, production in the first quarter is limited by factors such as the Spring Festival holiday, cold weather, and environmental protection inspections.

SHANGHAI, May 18 (SMM) - Galaxy Securities said that with the easing of the pandemic and the resumption of normal operations in some areas, the retail sales of the passenger car market has improved to some extent.

SHANGHAI, May 13 (SMM) - The average operating rate of Chinese aluminium foil producers stood at 76.64% in April, down 2.17 percentage points month on month and 11.65 percentage points year on year.