21.10.2016 - Average global aluminum output hits record on China gains
Daily average primary aluminum output hit a record high in September, driven by buoyant output in top producer China, data from the International Aluminium Institute (IAI) showed on Thursday. The global daily average rose to 164,600 tonnes from 159,800 in August while total Chinese output for the month increased to 2.75 million, the highest in 15 months. "The rally in Shanghai aluminum prices so far this year has improved profitability and is encouraging restarts. There are also ongoing additions to capacity," said Caroline Bain, senior commodities economist at Capital Economics in London...........................................Full Article: Source
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