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China December aluminium production surges to record monthly high

Reuters  |  BEIJING 

By Tom DalyBEIJING (Reuters) - China's primary aluminium output defied low prices to rise for a second straight month to a record high in December as falling alumina costs boosted margins, while 2018 annual output was also a record, official data showed on Monday. The world's top producer churned out more than 3 million tonnes in a month for the first time, undeterred by aluminium prices at two-year lows, the impact of the U.S.-China trade war and Beijing's environmental crackdown.Production was likely spurred by new smelter openings late last year and higher utilisation rates following a ...

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First Published: Mon, January 21 2019. 10:17 IST