United States primary aluminium production marks a dip in the alternate month Aug’23 by 3%

According to the US Geological Survey, the United States produced 62,000 tonnes of primary aluminium in August 2023. That was 2,000 tonnes or 3.13 per cent less than 64,000 tonnes in the earlier month, following a rise of 3.23 per cent M-o-M in July. However, on a year-on-year basis, the output in August was 1,000 tonnes more than 61,000 tonnes.
United States primary aluminium production marks a dip in the alternate month Aug’23 by 3%
The USGS data showed the average daily primary aluminium production in the United States during August 2023 was 2,000 tonnes, down by 2.91 per cent from 2,060 tonnes in July and essentially unchanged compared to 1,980 tonnes in August 2022.
Total aluminium recovered from scrap in August 2023 was higher than the previous month by 6,000 tonnes or 2.19 per cent to 280,000 tonnes but 5 per cent less than 295,000 tonnes in August 2022. Of the total aluminium recovered from scrap, 147,000 tonnes was recovered from new scrap and 132,000 tonnes from old scrap.
The August 2023 average US spot market price of primary aluminum ingot was US$1.19 per pound, slightly less than that in July 2023 and 13 per cent down from that in August 2022. The average cash price in August 2023 of primary aluminum ingot on the London Metal Exchange (LME) was US$0.97 per pound, essentially unchanged from that in July 2023 and 12 per cent less than that in August 2022.
Inventories of primary aluminium in LME-approved warehouses, including off-warrant inventories, in the United States were 3,627 tonnes at the end of August 2023, reflecting an increase of 13 per cent than that at the end of July 2023. Meanwhile, inventories of secondary aluminium in LME-approved warehouses, including off-warrant inventories, in the United States registered a fall of 6 per cent month-on-month, standing at 620 tonnes at the end of August.
Aluminium Foil and its End Uses
The United States is relieved about its primary aluminium production as its biggest producer Century Aluminium has finalised a 3-year power supply contract with the South Carolina Public Service Authority for 295 megawatts of electric power Mt. Holly primary aluminum smelter in South Carolina. The contract is scheduled to remain in effect through 2026, facilitating uninterrupted operation of 229,000 tonnes per year.
source：https://www.alcircle.com/news/united-states-primary-aluminium-production-marks-a-dip-in-the-alternate-month-aug23-by-3-101803