Global aluminium production holds steady in Aug'24: IAI

According to the latest data from the International Aluminium Institute (IAI), aluminium production in Aug'24 remained largely stable, edging down to 6.17 mnt as compared to 6.19 mnt in Jul'24. In contrast, production increased by 2% y-o-y from 6.08 mnt in Aug'23. Notably, China, as the primary aluminium producer, maintained its output at 3.69 mnt in Aug'24, unchanged from the previous month.