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Alumina:
According to the China Nonferrous Metals Industry Association (CNIA), China's alumina output was 2.42 million mt during May, up 29.42% YoY, and up 4.72% MoM, but down 7.83% MoM after annualizing alumina capacity. CHALCO alumina producers increased output in April, but as alumina prices fell, producers cut operating rates and alumina output.
Aluminum:
According to CNIA, China's aluminum output was 1.42 million mt in May, up 44.13% YoY, and up 1.90% MoM. SMM predicts China's aluminum output will continue to show positive growth in June.
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