China’s non-ferrous metal industry is expected to fall back

https://www.wanmetal.com/

Recently released data show that in the first half of the year, my country’s non-ferrous metal production continued to grow steadily. The output of ten commonly used non-ferrous metals was 32.549 million tons, an increase of 11.0% year-on-year, and an average increase of 7.0% in two years. At the same time, non-ferrous metal enterprises above designated size achieved a record high in profits, with a year-on-year increase of 224.6% in the first half of the year.
It is reported that in the first half of the year, the volume of the six concentrate metals reached 3.122 million tons, an increase of 10.1% year-on-year, and an average increase of 9.1% in the two years. Jia Mingxing, vice chairman and secretary-general of the China Nonferrous Metals Industry Association, believes that on the demand side, China’s economy has recovered rapidly since last year, and the demand for nonferrous metals has also increased significantly. On the supply side, although copper, aluminum, lead, zinc and other resources are still highly dependent on foreign sources, through “going out” to participate in international cooperation, the shortage of resources has been improved and production growth has been ensured.
In the first half of this year, non-ferrous metal industrial enterprises above designated size achieved a total profit of 163.97 billion yuan, a year-on-year increase of 224.6%, an increase of 35.66 billion yuan from the first half of 2017, an average increase of 6.3% over the past four years, achieving sustained profitability.
Recently, the National Grain and Material Reserves have successively released national reserves of copper, aluminum, and zinc. Jia Mingxing believes that the continuous release of national reserves of copper, aluminum, and zinc is for the purpose of macro-controlling prices and promoting the stable development of the market. In the second half of the year, non-ferrous metal production will generally maintain a steady growth trend, but the year-on-year growth rate has narrowed, and the annual growth rate is expected to reach about 5%.

 

 

More details Link: https://www.wanmetal.com/

 

 

Reference source: Internet
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Post time: Aug-25-2021

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