As per the report by Reuters, aluminium production stood at 1.98 million tonnes in July, compared to the previous record of 1.95 million tonnes in June. The July production was up 7.2% from a year ago.
In the first seven months, aluminium output increased 7.5% to 13.5 million tonnes. Production may rise further due to new capacity. State backed research company Antaike expects about three million tonnes of aluminium smelting capacity to come on-stream in the H2 of this year, after about 1.6 million tonnes started up in the H1. China's refined zinc production also hit a record in July, rising 5.3% from a month ago to 515,065 tonnes.
Industry sources said that the July production surged 10.3% from the same month last year. Strong prices encouraged output. The most active zinc futures in Shanghai rose more than 6% in July. Production of refined lead fell 13.6% on month to 349,609 tonnes in July due to seasonal weak demand.