Commodities Buzz: World Aluminium Production Declines in November 2017

capital market | Mumbai | January 02, 2018 15:22 IST

Commodities Buzz: World Aluminium Production Declines in November 2017

International Aluminium Institute latest numbers for Aluminium showed a sharp dip in the production of the metal. China has been one of the strong trigger in this dip as production in World Aluminium dropped by more than 5%. On a monthly basis Aluminium prices declined by 5.3%. The data estimates from International Aluminium Institute (IAI) showed that Aluminium production was up to 4.714 million tonnes in November 2017, from 4.957 million tonnes in October 2017. On a yearly basis, Aluminium production shrinked by 8.3% from 5.145 million tonnes in November 2016. China Aluminium production was 2.35 million tonnes in November 2017, up from 2.54 million tonnes in October 2017.

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