Key highlights from the global aluminium industry, September 2024
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Update time : 2024-10-11 15:02:58
In September 2024, the global aluminium industry witnessed significant developments across production, sustainability, and market dynamics. Aluminium producers continued to push for greener technologies, as the global primary aluminium producers are focusing on expanding their low-carbon aluminium portfolios, while recycling initiatives gained traction worldwide, particularly in Europe and North America. China, the world's largest aluminium producer, reported steady output growth, though facing challenges with energy restrictions and environmental regulations. Meanwhile, demand for aluminium remained steady in the automotive and packaging sectors, driven by the growing emphasis on lightweighting and circular economy practices. Trade tensions have shaped market conditions, alerting stakeholders to upcoming shifts in global supply chains and pricing patterns as a result of the geopolitical crisis.
As reported by FOCUSECONOMICS Alumina prices averaged USD 529 per tonne in September, up 6.3 per cent from August. On 30 September, the commodity traded at USD 550 per tonne, up 7.1 per cent from 30 August. Prices extended their gains in September, as Chinese aluminium output remained around record-high levels in August, boding well for alumina demand.
