Aluminium production in the world at record highs says IAI

International Aluminium Institute (IAI) that measures the production trend in the world has come out with its latest numbers. IAI has mentioned that the trend of Aluminium production is again on higher side. World Aluminium markets that showed record production numbers in the month of May 2015 after a slight decline seen in April 2015.

Data estimates from International Aluminium Institute (IAI) showed that the total primary Aluminium production reached 4.89 million tonnes in the month of May 2015 from 4.373 million tonnes in the month of March 2014. This marks an increase of 11.8% during the period of one year.

The production increased 3.16% on a monthly basis in April 2015. The production of Aluminium in April 2015 was 4.743 million tonnes.

China remained the major contributor to the production along with the GCC nations and it did impact the increase in production of World Aluminium on a monthly and yearly basis.

The total reported production in China was 2.66 million tonnes in May 2015, up 3.1% compared to 2.58 million tonnes in April 2015. This indicates that China produces 54.3% share of the world primary production.

Production of China in May 2014 was 2.18 million tonnes. This marked an appreciation of 22% on a yearly basis.

Asian production excluding China declined to 248000 tonnes in May 2015, up 22% compared to 203000 tonnes in May 2014. Meanwhile, production increased in GCC region. The total production of GCC was 435000 tonnes in May 2015, up 3.3% compared to 421000 tonnes in the month of April 2015.

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