In 2017, the global primary aluminum market was short of 1.414 million tons

Global primary aluminum demand in 2017 was 59.
86 million mt, an increase of 1.
179 million mt
from 2016.
Global primary aluminum production in 2017 increased by 535,000 tons
compared with 2016.

No longer releasing producer inventories, total reportable primary aluminum stocks rose by 58,000 tonnes to 2.
302 million tonnes at the end of December 2017, equivalent to 14 days of consumption, compared to 2.
761 million tonnes
at the end of 2016.

At the end of December 2017, the total stock of primary aluminum held by the four major exchanges in London, Shanghai, the United States and Tokyo was 1.
899 million tons, down 426,000 tons from the end of 2016
.

Overall, global primary aluminum production in 2017 increased by 1%
compared with 2016.
Among them, China's production is expected to be 32.
273 million tons, accounting for about 55% of the world's
total production.
China's apparent consumption of primary aluminum in 2017 increased by 0.
9%
compared with 2016.