Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The US’ annual rate of primary aluminum production reduced by 16.4pc to 925,200mt in January against 1.11mn mt in the same month last year, according to Aluminum Association data.


However, production inched up by 0.6pc from 920,000mt in December 2020, the data indicated. In 2020, Aluminum Association reported a reduction of 8.8pc in primary aluminum output to 1.02mn mt against 1.12mnt mt in 2019.


Canada Al production rises

In Canada, however, primary aluminum production increased in January. The Aluminium Association of Canada’s data indicated that output in January tallied at 275,199mt, up 0.53pc from the previous month, and grew from 250,396mt in January 2019.


The country’s average daily production rate also increased from 8,077mt in January 2020 to 8,877mt last month, leading to a rise in its forecasted annual production rate by 3.90pc to 3.24mn mt for 2021 from 2.95mn mt in 2020.

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