The demand for primary aluminum rose by 213,000mt or 0.6pc to 37.42mn mt in the first seven months of 2020 from the same period last year, according to the latest World Bureau of Metal Statistics (WBMS) data.

 

WBMS indicated that the aluminum market’s surplus rose to 1.14mn mt in January-July 2020 compared with a surplus of 514,000mt during the entire 2019 period. Global production of the metal also rose by 3.6pc in the first seven months of the year. While the bureau did not disclose the global production volumes for the January-July period, it noted that in July global primary aluminum output stood at around 5.74mn mt while its demand was at 5.66mn mt.

 

China continues to lead Al output

China produced more than half of the total global aluminum in the January-July period at 21.11mn mt. The apparent demand in the Asian nation increased by 7.5pc during this period compared with January-July 2019 and its semi-manufactured aluminum output also increased by 8.8pc during the same period under comparison. 

 

However, China, which became a net importer of unwrought aluminum during the year, decreased its exports of semi-manufactured aluminum during the first seven months of the year to 2.43mn mt from around 2.89mn mt during the same period last year—a drop of 14pc. 

 

In January-July 2020, aluminum production in the European Union (EU) as well as North America registered an increase of 0.4pc and 4.3pc, respectively, compared with the first seven months of 2019. However, demand in the EU fell by 818,000mt during the same period. 

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