China Alumina Output to Register a CAGR of 5.9% from 2013 to 2023

SHANGHAI, May 25 (SMM) - From 2013 to 2023, the annual output of alumina in China is estimated to increase from 46.53 million mt to 78.07 million mt, with a compound annual growth rate (CAGR) of 5.9%. 2013-2018 was the stage of rapid development of the Chinese alumina industry. The capacity utilisation rate peaked at 87% in 2017-2018, but kept falling thereafter and hit a low of 77% in 2020 before recovering slightly to around 80%.