Global Aluminum Production Picks Up In July
Global aluminum production totaled 5.75 million tons in July, the International Aluminum Institute (IAI) reported in August. The monthly total marked an increase from 5.57 million tons in June.
China, the world’s top aluminum producer, produced an estimated 3.34 million tons in July. The July total marked an increase from 3.24 million tons in June. The July total also jumped from the 3.12 million tons produced in July 2020. In July, China imported 469,030.6 tons of unwrought aluminum and aluminum products, the General Administration of Customs reported. The total increased from 454,397.4 tons in June.
Meanwhile, China exported 3.09 million tons through July, good for an increase of 12.7% year over year. Furthermore, on a value basis, China’s aluminum imports for the aforementioned period increased by 37.1% year over year, reflecting a generally bullish price environment for the base metal this year. Elsewhere, in Russia and Eastern Europe, aluminum production rose from 340,000 tons in June to 350,000 in July, the IAI reported. Among the Gulf Cooperation Council producers, production rose to 496,000 tons from an estimated 473,000 tons.
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