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The latest figure revises an estimate on Oct. 20 to incorporate Chinese aluminum production. The country's aluminum output increased 3.3% on the year to 1.156 million tons in September, IAI said in a separate report.
The previous figure had world aluminum output rising by 46,000 tons, or 2.2% on the year, to 2.103 million tons.
On the month, the latest statistics show world aluminum output fell 3.1%, or 104,000 tons. The earlier figure had world aluminum output falling by 3.2%, or 70,000 tons.
The IAI details production as follows, in thousands of tons:
Sept '08 Aug '08 Sept '07 Africa 141 146 148 North America 471 486 470 Latin America 219 228 212 Asia 324 334 307 West Europe 377 390 358 E/Central Europe 383 394 371 Oceania 188 195 191 China 1156 1190 1119 Total 3.259 3.363 3.176
NOTE: The data included in this IAI Statistical Report have been derived exclusively from returns by the primary aluminum producers. 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 aren't 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
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(END) Dow Jones Newswires
10-24-08 0635ET
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