World primary aluminium production recovers in October 2024 to a new high
The world’s primary aluminium production regained momentum in October 2024 after an intermittent decline of 3.19 per cent in the previous month. Owing to the increase across all the major primary aluminium-producing regions, the world’s output reached a new high in October, exceeding all the earlier records.
Recovering more than what it lost in September, the world’s primary aluminium production in October even exceeded the record volume of 6.205 million tonnes seen in August. According to the International Aluminium Institute’s (IAI) data, the output volume in October grew by 3.56 per cent M-o-M and 1.27 per cent Y-o-Y, reaching 6.221 million tonnes. In September 2024, the world’s primary aluminium output was 6.007 million tonnes; in October 2023, it stood at 6.143 million tonnes.
The daily average output also jumped to a new high at 200,700 tonnes in October 2024, compared to 200,200 tonnes in September 2024 and 198,200 tonnes in October 2023.
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