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China Nov aluminum output slips on month after smelter blast


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Dec 14, 2021  •  26 minutes in the past  •  2 minute learn  • 

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China’s aluminum output fell barely in November from the earlier month, official knowledge confirmed on Wednesday, hit by an explosion at a smelter within the southwestern province of Yunnan and lingering curbs on vitality consumption.

The world’s high producer of the metallic churned out 3.10 million tonnes of major aluminum final month, the National Bureau of Statistics (NBS) stated, down from 3.132 million in October and 1.8% decrease on the yr.

On a day by day foundation, November output labored out to about 103,300 tonnes a day based on Reuters’ calculations, versus about 101,000 tonnes in October.

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“Some smelters have started to return to previous levels,” stated Paul Adkins, managing director of aluminum consultancy AZ China, primarily based within the Shandong provincial metropolis of Zibo.

“Generally, we don’t see a rush to return (to production), but equally, the market is very stable right now,” he stated, including that he anticipated output to remain on the present price till the Lunar New Year, which begins on Feb. 1.

Several Chinese areas have reduce manufacturing this yr of energy-intensive aluminum within the face of strain to scale back energy consumption to satisfy local weather objectives and ease electrical energy shortages.

The energy crunch was at its worst in October however there have been additionally slight cuts in aluminum output in Qinghai, Guangxi and Chongqing final month resulting from vitality use curbs and excessive prices, stated consultancy Baiinfo, which additionally flagged an sudden reduce in Yunnan.

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A roughly 300,000 tonnes per yr aluminum smelting plant in Yunnan halted manufacturing after an explosion on Nov. 18.

Still, China’s aluminum output 35.45 million tonnes within the interval from January to November was up 5.7% on the yr, on course for an annual report.

Output of 10 nonferrous metals, together with copper, aluminum, lead, zinc and nickel, was 5.35 million tonnes in November, the statistics bureau stated, up from October’s 5.259 million, however down 0.7% on the yr.

The different metals within the group are tin, antimony, mercury, magnesium and titanium. (Reporting by Tom Daly and Emily Chow; Editing by Kenneth Maxwell and Clarence Fernandez)

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