LONDON, Jun 20, 2008 (Dow Jones Commodities News via Comtex) -- IAL | Quote | Chart | News | PowerRating -- Total world aluminum output in May rose by 71,000 metric tons to 2.189 million tons, from 2.118 million tons in April, according to figures released Friday by the International Aluminum Institute.
May's figure was up 99,000 tons from the May 2007 production of 2.090 million tons.
The IAI details production as follows, in thousands of tons:
May '08 April '08 May '08 Africa 142 135 151 North America 501 484 473 Latin America 224 218 218 Asia 332 320 313 West Europe 401 389 362 E/Central Europe 393 381 376 Oceania 196 191 197 Total 2.189 2.118 2.090
NOTE: The data included in this IAI Statistical Report have been derived exclusively from returns by the primary aluminum producers themselves. These producers may be either Members of the IAI or Official Correspondents, the latter being enterprises possessing, or which have possessed, effective control over primary aluminum production but which are not Members. Official Correspondents are approved by the Board of the Institute.
Neither sources outside the industry nor estimates are used.
Unwrought aluminum is aluminum in its basic cast form made from primary metal or from scrap and which is unworked in the metallurgical sense.
Total aluminum is unwrought aluminum plus unprocessed scrap, metal in process and finished semi-fabricated (mill) products.
Unwrought and total aluminum inventories are all relevant inventories over which primary aluminum producers have some degree of control, with the exception of metal included in LME or COMEX stock reports.
Further clarification can be found in "A Guide to the IPAI Statistical System - Revised Aluminum Inventory Reporting Guidelines" (dated Oct. 28, 1999) which is available from the IAI.
Source: Basemetals
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