Research carried out by AZ Global shows that aluminium consumption grew strongly in the first four months of this year. Our research indicates a growth rate of 6 per cent globally.
In terms of major regions, Asia has the highest consumption growth rate. From January to April 2024, Asia's primary aluminium consumption was 18.1 million tonnes, an increase of 8.1 per cent year-on-year. The growth was mainly concentrated in China, Thailand and India. Europe and North America ranked second and third in total consumption, with annual primary aluminium consumption of 2.7 million tonnes and 2.0 million tonnes, respectively. The consumption growth rate declined by 1.21 per cent and 1 per cent, respectively, mainly dragged down by countries such as Germany, Turkey, and Mexico. From January to April, Central and South America consumed 384,700 tonnes of primary aluminium, with a consumption growth rate of 4.8 per cent. Finally, from January to April 2024, primary aluminium consumption in Africa and Oceania was 210,400 tonnes and 68,300 tonnes, with consumption growth rates of 1.28 per cent and -1.43 per cent, respectively.
In terms of countries, China is the world's largest consumer of primary aluminium. From January to April 2024, China's primary aluminium consumption was 14.4 million tonnes, a year-on-year increase of 9.5 per cent over the same period last year, mainly benefiting from the good performance of photovoltaic and new energy sectors.
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