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March 2019 | Aluminium Weekly Market Tracker


LME aluminium prices back under broad-based pressure on global growth concerns: Market Summary and Analysis


According to the latest data from the International Aluminium Institute (IAI), global primary aluminium production totaled 4.92 million tonnes in January 2019.

LME aluminium prices back under broad-based pressure on global growth concerns LME aluminum touched a three-month peak last week after the Norwegian aluminium producer Norsk Hydro was hit by a cyber attack. But aluminium prices, together with other base metal prices, fell quickly in the rest of the week amid a sell-off in global equity markets as investor pessimism grew on global economic growth concerns. The S&P 500 Index slid as much as 1.9 percent on Friday, with a flattening yield curve compounding risk-off sentiment after the release of weaker than expected US and Eurozone flash manufacturing PMI data. Global aluminium production slightly up in February According to the latest data from the International Aluminium Institute (IAI), global primary aluminium production totaled 4.92 million tonnes in January 2019, or 175,700 tonnes per day (tpd), slightly up 0.7% from a revised reading of 174,500 tpy for January and flat from the...

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