From January to May 2021, the global aluminum market is short of 655,000 tons

The new report data released by the Bureau of Metal Statistics (WBMS) on Wednesday shows that the global aluminum market will have a supply shortage of 655,000 tons from January to May 2021. In 2020, there will be an oversupply of 1.174 million tons.
In May 2021, the global aluminum market consumption was 6.0565 million tons.
From January to May of 2021, global aluminum demand was 29.29 million tons, compared with 26.545 million tons in the same period last year, an increase of 2.745 million tons year-on-year.
In May 2021, global aluminum production was 5.7987 million tons, an increase of 5.5% year-on-year.
As of the end of May 2021, the global aluminum market inventory was 233 thousand tons.

Leave a Comment