Commodity Market Report

Global aluminium short-term outlook June 2023

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The downturn in Europe continues to be led by the manufacturing sector. Meanwhile, demand in China has also disappointed. The post-pandemic economic recovery did not materialise. Even so, China is trying to stimulate its economy by adding liquidity, but despite those efforts, indicators for key construction and transportation sectors remain subdued. Factors such as a strong US dollar and poor macro data in June, also inflicted downward pressure on the aluminium price.

Table of contents

  • China
    • Japan
  • Europe
  • North America
  • Alumina Market Developments

Tables and charts

This report includes the following images and tables:

  • China property sales and starts are falling
  • China automotive sales and output growth
  • European manufacturing activity remains weak
  • Vehicles sales in the US
  • US and Canadian shipments of sheet and plate
  • US and Canadian shipments of extrusions
  • Summary of May production, kt
  • World ex-China capacity additions
  • The expectation of capacity change in Yunnan smelters in 2023
  • Changes in aluminium production estimates since the last month, (kt)
  • Spot alumina price
  • Rusal alumina requirement 2021
  • 15 more item(s)...

What's included

This report contains:

  • Document

    Global aluminium short-term outlook June 2023

    PDF 1.23 MB