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.