H1 2024: Africa’s primary aluminium production contracts by 2.8% Y-o-Y due to reduced output at Mozal Aluminium
According to the International Aluminium Institute, primary aluminium production in Africa during the first half of 2024 demonstrated a year-on-year downswing, mostly due to the bearish Q1.
As per IAI data, Africa's total primary aluminium output in H1 2024 edged a fall of 2.8 per cent Y-o-Y from 788,000 tonnes to 766,000 tonnes. In the June quarter (Q2), the output amounted to 388,000 tonnes, which was 2 per cent lower than 396,000 tonnes in Q1 2023 but 2.65 per cent higher Q-o-Q compared to 378,000 tonnes.
Analysis of the production downfall
The above data demonstrates a quarterly rise in Africa's primary aluminium output, but it has been enough to offset the annual downtrend.
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