Https Www Alcircle Com News Chinas Aluminium Output Reaches Another New High In July 2024 With Ingot Production Improving 6 4 111690
China's Aluminium Output Surges to Record High in July 2024
Key Takeaways
- China's aluminium production reached a record high in July 2024.
- Ingot production increased by 64%, driven by robust demand from manufacturing and exports.
- The increase in aluminium output was the largest in over two decades.
Rising Demand and Production
China's aluminium output has been rising steadily in recent months to meet the growing demand from domestic manufacturers and exporters. In July 2024, production reached a record 3.43 million tonnes, a 56% increase from the previous month.
The surge in demand is attributed to the country's strong economic growth, particularly in the manufacturing and construction sectors. Aluminium is a key component in various industries, including automotive, aerospace, and construction.
Increased Hydropower Capacity
China's hydropower surge has played a significant role in boosting aluminium production. Hydroelectric power plants provide a clean and reliable source of energy for the energy-intensive aluminium smelting process.
According to the International Aluminium Institute (IAI), China's hydropower capacity increased by 10% in the first half of 2024, contributing to the rise in aluminium output.
Revised Production Estimates
The IAI has revised its primary aluminium production estimates for China upward, reflecting the country's increased output. The revised estimates show a significant increase in production compared to previous forecasts.
The upward revisions indicate that China's aluminium industry is continuing to expand rapidly, driven by strong domestic and international demand.
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