LONDON, July 1 (Reuters) – China’s production of primary aluminium is closing in on last year’s record highs as previously idled capacity ramps up in Yunnan province. The country increased production by 5% year-on-year to 3.65 million metric tons in May, according to the latest estimate from the International Aluminium Institute.
National output is now running close to an annualised 43.0 million tons, within touching distance of the record highs seen in September and October last year.