China January-February aluminium output rises 2.4% year-on-year despite demand hit from coronavirus
Marketscreener - China's aluminium production rose by 2.4% year-on-year in the first two months of 2020, official data showed on Monday, as smelting capacity commissioned late last year took supply higher despite a big hit to demand from the coronavirus outbreak.
The world's top aluminium producing country churned out 5.85 million tonnes of the metal in January and February combined, the National Bureau of Statistics said. The year-earlier, two-month period had one less day due to 2020 being a leap year.
The bureau does not typically break out figures for January and February separately due to the week-long Lunar New Year holiday, which this year fell in late January and was extended in an attempt to stop the spread of the virus.
Output averaged 97,500 tonnes a day over January and February combined, according to Reuters calculations. That was down from around 98,000 tonnes a day in December, the third-highest daily rate on record.