After experiencing intermittent declines last month, global primary aluminum production resumed its growth momentum in October 2024 and reached a historic high. This recovery growth is due to the increased production in major primary aluminum producing areas, which has led to a strong development trend in the global primary aluminum market.
According to the latest data from the International Aluminum Association (IAI), global primary aluminum production reached 6.221 million tons in October 2024, an increase of 3.56% compared to the previous month’s 6.007 million tons. At the same time, compared with 6.143 million tons in the same period last year, it increased by 1.27% year-on-year. This data not only marks the continuous growth of global primary aluminum production, but also demonstrates the sustained recovery of the aluminum industry and strong market demand.
It is worth noting that the daily average production of global primary aluminum also jumped to a new high of 200700 tons in October, while the daily average production in September this year was 200200 tons, and the daily average production in the same period last year was 198200 tons. This growth trend indicates that the global production capacity of primary aluminum is continuously improving, and also reflects the gradual enhancement of the scale effect and cost control ability of the aluminum industry.
From January to October, the total global production of primary aluminum reached 60.472 million tons, an increase of 2.84% compared to 58.8 million tons in the same period last year. This growth not only reflects the gradual recovery of the global economy, but also demonstrates the widespread application and expanding market demand of the aluminum industry worldwide.
The strong rebound and historic high in global primary aluminum production this time is attributed to the joint efforts and cooperation of major primary aluminum production areas. With the continuous development of the global economy and the deepening of industrialization, aluminum, as an important lightweight metal material, plays an irreplaceable role in various fields such as aerospace, automotive manufacturing, construction, and electricity. Therefore, the increase in global primary aluminum production not only helps to meet the growing market demand, but also promotes the upgrading and development of related industries.
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