Morning Bites (part 2)

📈China’s output of aluminium products rose 5% YoY to 5.5mnt in October, after the 2% YoY growth in September. In our view, the positive impact of persistently strong demand for aluminium in China (~58% of global primary Al consumption in 2022) might be at least partially offset by the increase in global aluminium output, which is growing at a comparable rate

🥉Chinese output of copper products inched up 1% YoY in October to 2.0mnt, reversing from the -9% YoY in September. Domestic power generation equipment output showed similar dynamics (vs. +17% in September). We remind our readers that China remains the world's major copper consumer, representing ~55% of global Cu demand

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