BEIJING : China's primary aluminium production in November climbed 9.4 per cent from a year earlier as looser power restrictions allowed some regions to ramp up output and as new smelters started operation.
The long-term demand outlook for the metal, used heavily in construction and transportation, is also improving after China relaxed its COVID 19-related restrictions and the government issued new measures to support the ailing property sector. "Many aluminium producers are looking to ramp up production as long as the power supply allows, given profit of more than 1,000 yuan and good demand prospects next year," a Shanghai-based aluminium trader said.
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