DJ IAI: Feb World Aluminum Output Dn 11.5% On Mo At 1.854M Tons

latest news [BAC] Bank of America CEO: bonus taxes 'of grave concern to us' DJ IAI: Feb World Aluminum Output Dn 11.5% On Mo At 1.854M Tons Last update: 7:14 a.m. EDT March 20, 2009 LONDON, Mar 20, 2009 (Dow Jones Commodities News via Comtex) -- Total world aluminum output in February fell by 240,000 metric tons, or 11.5%, to 1.854 million tons, from 2.094 million tons in January, according to figures released Friday by the International Aluminum Institute. February's figure was down 175,000 tons, or 8,6%, from February 2008 production of 2.029 million tons. Daily output in February declined by 1.9% to 66,200 tons. The IAI details production as follows, in thousands of tons: Feb '09 Jan '09 Feb '08 Africa 123 142 134 North America 386 455 467 Latin America 196 219 207 Asia 332 356 300 West Europe 318 360 368 E/Central Europe 330 376 370 Oceania 169 186 183 Total 1.854 2.094 2.029 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. -By Matthew Walls, Dow Jones Newswires; +44 (0)20 7842 9412; matthew.walls@dowjones.com (END) Dow Jones Newswires 03-20-09 0714ET Copyright (c) 2009 Dow Jones & Company, Inc.