In August, global aluminium production hit a peak, reaching an annual rate of 71.2 million metric tons, marking the second consecutive month above 70 million.
Chinese aluminium production had initially dipped due to power reductions in hydro-powered provinces. Still, it has rebounded with improved electricity supply during the rainy season.
Notably, exports of aluminium products have reduced, suggesting strong domestic off-take. However, with production continuing to rise, China’s appetite for aluminium will be tested.