China’s aluminium imports in November fell 35.7% from a year earlier as a result of mounting domestic supply, also as the COVID-hit economy continued to temper demand for the light metal, reports Reuters. The country brought in 255,744 tonnes, including primary metal and unwrought, alloyed aluminium, last month, according to data from the General Administration of Customs.
With easing power restrictions on industrial users this year, smelters in China ramped up their production. The latest November output number showed a ninth consecutive increase to 3.41 million tonnes.
For the first 11 months of the year, the world’s top aluminium maker produced 36.77 million tonnes, up 3.9% from the corresponding period in 2021.