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China''s Aluminum Production Surges on Increased Demand

16 Apr 2024 12:55 pm
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Mumbai 16 Apr (Commoditiescontrol): China's primary aluminum output experienced a 7.4% year-on-year increase in March, reaching 3.59 million metric tons. Higher demand and rising prices have boosted industry profits significantly.

Demand stemming from a rebound in China's manufacturing sector has been a key driver of the price rally. Supply concerns in the Yunnan province have also
contributed. As a result, average profit margins for the aluminum industry soared in March.

The first quarter of 2024 saw China produce 10.69 million tonnes of aluminum, representing a 6.8% increase from the previous year. Increased production was also
seen across other nonferrous metals.
(By Commoditiescontrol Bureau; +91-9820130172)

       
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