Chinese Aluminium Output in H1 of 2021 up 10% YoY
National Bureau of Statistics announced that China’s primary aluminium output in June 2021 was 3.29 million tonnes, down 0.9% MoM but up 9.3% YoY and that China’s primary aluminium output first half of 2021 hit multi year highs at 19.64 million tonnes, up by 10.1% YoY as smelters were encouraged by aluminium prices well above break-even levels.
However, the production volume in June fell for a second straight month due to power limitation in the smelting hub of Yunnan Smelters in Yunnan were ordered to reduce energy consumption in late May after severe drought hampered electricity generation. The curbs remained in place for much of June. It could take smelters in Yunnan until August to start ramping up output again.