Aluminum defies trend as most metallics log output gains in November
Dec 11, 2012 | 12:26 PM
| None
Tags
chinese output,
iron ore,
ferroalloys,
aluminum,
copper,
zinc
SHANGHAI — Aluminum bucked the rising trend in Chinese metals production in November, with the light metal registering a seven-month low as other metallics reached new heights.
China’s primary aluminum producers were forced to reduce output in November due to a disruption in raw material supply from Indonesia.
Primary aluminum output of 1.66 million tonnes for the month marked the lowest monthly level since April but was still 20.7 percent higher year on year, according to data from the National Bureau of Statistics (NBS).
Daily output averaged 55,466 tonnes last month, down from 55,484 tonnes per day in October.....
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