China December aluminium production surges to record monthly high
Updated : January 21, 2019 11:23 AM IST
The world's top producer churned out more than 3 million tonnes in a month for the first time, undeterred by aluminium prices at two-year lows, the impact of the US-China trade war and Beijing's environmental crackdown.
Output hit 3.05 million tonnes in December, National Bureau of Statistics data showed, up 8.2 percent from November and up 11.3 percent from December 2017.
Shanghai aluminium prices slumped a hefty 14 percent over 2018 to below 14,000 yuan ($2,063) a tonne amid plentiful supply and worries over the impact of the Sino-US trade war on demand.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more