Morning Bites (part 1)

📈China’s aluminium products output grew 2% YoY to 5.55mnt in September, after the 3% YoY increase in August. These dynamics reflect the solid demand for aluminium in China (~58% of global primary Al consumption in 2022). However, the positive effect on prices might be at least partially offset by the recovery in China’s aluminium production, in our view

🥉Chinese output of copper products was down 9% YoY in September to 2.01mnt, after the -5% YoY in August. Meanwhile, the 17% YoY growth in domestic power generation equipment (+21% YoY in August) added some support to the dynamics. To recap, China represents ~55% of global Cu consumption

#aluminium #copper
https://metals-wire.com:3000/news-reports