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Global Aluminium Production (May)

Average daily global aluminium production edged up in May as smelters continued to take advantage of high prevailing prices. We think that production will rise further in the near future.
Samuel Burman Assistant Commodities Economist
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Metals Data Response

Global Steel Production (May)

Global steel production continued to pick up in May, led by higher output in India and China, which more than offset the ongoing decline in Europe’s production. The rise in input costs, efforts to curb carbon emissions and softer demand suggest that there will be only limited gains in global steel output this year.

22 June 2022

Metals Data Response

Global Aluminium Production (May)

Global aluminium production has increased steadily since the start of the year in large part owing to a rebound in China’s output. At the same time, demand is relatively subdued, which suggests that aluminium prices have further to fall in the second half of the year. Markets Drop-In (22nd June, 10:00 ET/15:00 BST): Join our Markets team for this special briefing on the outlook for equities, bonds and FX and a discussion about revisions to our forecasts. Register now

20 June 2022

Industrial Metals Update

Chinese refined output will only plug some of the gap

Robust Chinese refined metal output, alongside subdued domestic demand, has combined with constrained refined output elsewhere to provide greater export opportunities for China. But there are limits on the extent to which Chinese metal can fill the shortfall elsewhere. This is one reason why we expect industrial metals prices to remain historically high for some time yet. Markets Drop-In (22nd June, 10:00 ET/15:00 BST): Join our Markets team for this special briefing on the outlook for equities, bonds and FX and a discussion about revisions to our forecasts. Register now

16 June 2022

More from Samuel Burman

Energy Update

OPEC impasse: what next?

The failure of OPEC+ to agree to new production quotas has created considerable uncertainty about the group’s oil production going forward. In this Update, we lay out three possible scenarios for OPEC+ output in the coming months and what they would mean for oil prices.

6 July 2021

Energy Update

Rising production to take the sizzle out of Henry Hub

Strong industrial demand and constrained domestic supply will support US natural gas prices throughout the remainder of this year. However, we expect that the average price will fall in 2022 in large part because of higher production.

28 June 2021

Commodities Update

Timberrrrrrrr...

Although we remain optimistic about the near-term demand outlook, we think that the price of US lumber will fall further in the coming months as domestic supply continues to revive.

23 June 2021
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