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Power outages in China ———> production supply in crisis

Let’s take a look at primary aluminium production worldwide (last survey September 2021). Data from the International Aluminium Institute.

Month-on-month % change:
Africa: -3.65%
China: -3.52%.
Western Europe: -2.52%.
Asia (ex-China): -3.12%.
Eastern Europe: -2.86% #Europalaise
South America: -4.95%.
Gulf Cooperation Council: -3.37%
South America: -4.95%

Year-on-year % change:
Africa: +0.72%
China: +1.69
Western Europe: +0.37%.
Asia (ex-China): +9.09%.
Central Eastern Europe: +0.59%.
South America: +15.66%.
Gulf Cooperation Council: +3.84%.