From January to May, the global primary aluminum market was short of 408,000 tons

Primary aluminum demand from January to May was 23.
82 million mt, up 106,000 mt
from a year earlier.
From January to May, primary aluminum production fell by 232,000 tons
from the same period last year.

Stocks fell 171,000 mt to 3.
299 million mt in May, equivalent to 21-day demand, compared with 3.
787 million mt
at the end of last year.
At the end of May, inventories on the four major exchanges in London, Shanghai, the US and Tokyo totaled 2.
801 million mt, 432,000 mt
lower than at the end of December 2015.

From January to May, primary aluminum production fell by 1.
0%
compared with the same period last year.
China's production is estimated at 12.
616 million mt, accounting for about 54%
of global production.
China's apparent aluminum demand was 0.
2%
lower than the same period last year.

China's net aluminum exports from January to May were 177,000 tons, and the net exports for the whole year of 2015 were 342,000 tons
.
From January to May this year, China's aluminum semi-finished products exports fell to 1.
531 million tons, compared with 1.
653 million tons
in the same period last year.

From January to May, production in the 28 EU countries increased by 2.
1%, while production in the North American Free Trade Area decreased by 8.
6%.

EU demand from January to May increased by 97,000 tons
compared with the same period last year.
From January to May, global aluminum demand increased by 0.
5%
compared with the same period last year.

In May 2016, global primary aluminum production was 4.
8741 million tons, and consumption was 4.
8513 million tons
.