Industry News

Revived momentum in H2 2023 global primary aluminium production propels annual output above 70 million tonnes

Views : 329
Update time : 2024-01-29 16:12:11
The world primary aluminium production has recorded an annual increase of 2.25 per cent for 2023, reaching 70.593 million tonnes at the end of December, found the International Aluminium Institute (IAI). However, compared to the previous year, the growth rate has decreased in 2023. In 2022, the global output had grown by 3 per cent to stand at 69.038 million tonnes, from 67.092 million tonnes in 2021.

In December 2023, the world primary aluminium production stood at 6.04 million tonnes, bringing the H2 output at 36.08 million tonnes, up by 4.58 per cent from 34.5 million tonnes in H1.  That represented the fact that the global primary aluminium production gained momentum during the second half of 2023 as the energy crisis in Europe eased leading to production resumption at many smelters.

AL Circle's latest report "Global Aluminium Industry Outlook 2024" has shared an analytical trend of the  primary aluminium production across the major producing countries in 2023 and an in-depth forecast for 2024.

The world primary aluminium production in December rose 3.25 per cent month-on-month from 5.85 million tonnes and grew 2.03 per cent year-on-year from 5.92 million tonnes, showed IAI. The daily average production during the said month was 194,900 tonnes, which was however, slightly down from 195,000 tonnes in the previous month.

Related News
Read More >>
Rising oil prices pressure Vietnam’s inflation control targets Rising oil prices pressure Vietnam’s inflation control targets
Mar .24.2026
Rising oil prices pressure Vietnam’s inflation control targets
South Africa raises AD duties on structural steel from China & Thailand South Africa raises AD duties on structural steel from China & Thailand
Mar .24.2026
South Africa raises AD duties on structural steel from China & Thailand
Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1% Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1%
Mar .24.2026
Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1%
Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern
Mar .24.2026
Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern