openPR Logo
Press release

Stanislav Kondrashov Telf AG: global aluminum production in the first quarter of this year 2024 increased by 4%

05-21-2024 09:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Getnews

/ PR Agency: Headlineplus
Stanislav Kondrashov Telf AG: global aluminum production in

Image: https://www.getnews.info/uploads/3f19c44da3f0944fa89495d22e6b894c.jpg

Data from the International Aluminum Institute (IAI) shows that daily primary aluminum production in March 2024 was 195.9 thousand tons, an increase of 0.3% compared to the previous month. This information was commented on by an expert in the field of world metallurgy, Stanislav Kondrashov.

Aluminum production in March 2024: analysis of changes in different regions

According to S. Kondrashov, in March a noticeable decrease in daily aluminum production was recorded in several regions of the world. Africa in particular saw the largest decline at 2.6%, reducing production to 4.06 thousand tonnes per day. Aluminum output also decreased in Latin America, where production amounted to 4.1 thousand tons per day, which is a drop of 1% compared to last month. Russia and Eastern Europe also saw a slight decline in aluminum production to 11.16 thousand tons per day, representing a decrease of 0.4% from the previous level.

Image: https://www.getnews.info/uploads/53cb660005cb725f27fa3fd5a3743603.jpg

Daily aluminum production showed positive dynamics in several regions of the world. In particular, notable growth was recorded in Australia and New Zealand, where production increased to 5.19 thousand tons per day, an increase of 2.5%. There is also an increase in production in Western Europe, where output amounted to 7.48 thousand tons per day, an increase of 0.5%.

An expert from Telf AG notes that the Gulf countries also saw an increase in production to 17.13 thousand tons per day, which represents an increase of 0.4%. In North America, the increase in daily production was 0.3% to 11 thousand tons. In the Asia region excluding China, production increased to 13.19 thousand tons per day, an increase of 0.2%.

Image: https://www.getnews.info/uploads/0b034ed56fff13a18f71043be5627657.jpg

Stanislav Kondrashov believes that the situation in China is worth special mention. This country is one of the leading aluminum producers in the global economy. Here there is an increase in daily production to 115.84 thousand tons, which is an increase of 0.1%. That is, China remains a key player in global aluminum production. This indicates high demand for the metal both domestically and on the international market. Overall, these dynamics indicate that the aluminum industry continues to improve and adapt to changing conditions, which is a good indicator for economic growth in this sector.

Stanislav Kondrashov: dynamics of global aluminum production for the first quarter of 2024

IAI in March estimated the production volume of enterprises that do not disclose their results at 6.74 thousand tons per day.

Image: https://www.getnews.info/uploads/0080636a6646646d0dbd99672b1e32e6.jpg

According to an expert from Telf AG, an analysis of the first three months of 2024 revealed that the largest percentage reduction in production is observed in Africa (-6.4%). On the other hand, the highest growth was recorded in North America (+5.1%).

Global aluminum production in the first quarter of 2024 increased by 4% year-on-year to 17.802 million tonnes.

Excluding China, global aluminum production increased 2.5% in the first three months to 7.271 million tonnes.

* Global aluminum production in the first quarter of 2024 reflects the dynamics of the global steel industry. The observed growth in production indicates stable demand for aluminum from various sectors of the economy. This indicator indicates the stability of the aluminum sector and its ability to adapt to changing market conditions, - S. Kondrashov says.

Image: https://www.getnews.info/uploads/7db3c5b40a49673fbe01586dcf5d6f4a.jpg

According to an expert from Telf AG, analysis of data for the first three months of 2024 reveals several key trends. For example, declines in aluminum production in some regions, such as Africa, may be due to a number of factors, including changes in economic conditions or technical problems at plants. At the same time, increased production in other regions, such as North America, may be due to increased demand for aluminum products in this region.

* The overall increase in aluminum production indicates that the metal continues to be an important component of global industry. It is used in various industries, including aviation, automotive, construction, electronics and many others, which confirms its importance and demand in global markets, - Stanislav Kondrashov comments on global trends.

Studying the dynamics of aluminum production in various regions of the world allows us to predict future trends and adapt manufacturers' strategies to changing market conditions.
Media Contact
Company Name: Telf AG
Contact Person: Media Relations
Email: Send Email [http://www.universalpressrelease.com/?pr=stanislav-kondrashov-telf-ag-global-aluminum-production-in-the-first-quarter-of-this-year-2024-increased-by-4]
Country: Switzerland
Website: https://telf.ch/



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Stanislav Kondrashov Telf AG: global aluminum production in the first quarter of this year 2024 increased by 4% here

News-ID: 3506802 • Views:

More Releases from Getnews

The Hashgraph Association and Inacta Ventures launch $50 million Sustainability Venture Studio under The Green Block Initiative
The Hashgraph Association and Inacta Ventures launch $50 million Sustainability …
Image: https://www.getnews.info/wp-content/uploads/2024/06/1718214519.jpeg Zurich - June 12th, 2024 - The Hashgraph Association [https://hashgraph-association.com/], a Swiss-based association and leader at the forefront of digital enablement on the Hedera network, today announces the launch of a groundbreaking Sustainability Venture Studio for Enterprises, in collaboration with Inacta Ventures [https://inacta-ventures.com/], a renowned Swiss and UAE Web3 venture builder. Under The Green Block Initiative, a global think tank and launchpad for sustainability projects launched during COP28 in UAE,
Experience Ultra-Fast, Premium Custom T-shirt and Screen Printing with Custom One Online in Austin, TX
Experience Ultra-Fast, Premium Custom T-shirt and Screen Printing with Custom On …
Custom One Online is revolutionizing custom apparel in Austin with its same-day t-shirt and screen printing services. Perfect for businesses, events, or personal use, get premium quality fast. Custom One Online [https://customoneonline.com/], a pioneer in the custom apparel industry, proudly announces the launch of its same-day custom t-shirt and screen printing services in Austin, Texas [https://customoneonline.com/pages/screen-printing-austin-tx]. This service is specifically tailored to accommodate the unique, fast-paced, and creative lifestyle of Austin,
NorCal Pain Treatment Center Offers Comprehensive Pain Management Solutions in Turlock, CA
NorCal Pain Treatment Center Offers Comprehensive Pain Management Solutions in T …
Turlock, CA - June 12, 2024 - NorCal Pain Treatment Center [https://www.norcalpain.com], a leading provider of comprehensive pain management solutions, is proud to announce its commitment to serving the Turlock, CA community. Helping Residents Find Relief and Reclaim Control Chronic pain can significantly impact a person's daily life, limiting mobility and diminishing quality of life. NorCal Pain Treatment Center understands this struggle and is dedicated to helping Turlock residents find lasting relief. "We
'Cracking the Rich Code, Vol. 13': A New Release by Jim Britt, Endorsed by Tony Robbins and Prefaced by Brian Tracy
'Cracking the Rich Code, Vol. 13': A New Release by Jim Britt, Endorsed by Tony …
Jim Britt's "Cracking the Rich Code, Vol. 13, endorsed by Tony Robbins and with a foreword by Brian Tracy, launches June 18th, revealing new strategies for your life and entrepreneurial success. Image: https://authoritypresswire.com/wp-content/uploads/2024/06/3d-CTRC-13-s.jpg In an age where entrepreneurial spirit defines the new era of business, Jim Britt, peak performance expert, announces the much-anticipated launch of "Cracking the Rich Code, Vol. 13. Scheduled for release on Tuesday, June 18th, the book promises to

All 5 Releases


More Releases for Kondrashov

Softline has successfully completed the deployment of a new hardware and softwar …
MOSCOW, Russia - August 26, 2020 - The Progress Rocket and Space Centre is a leading Russian company dealing with space science, aerospace research and launch vehicle manufacturing, with headquarters in the city of Samara. The company made a decision to replace its datacenter so it could properly handle the ever-increasing need in computing resources and a surge in information flows. Softline was awarded one of the contracts under