Chinese Metals Announcement

Jonathan DeakinNews

China’s Nonferrous Metals Industry Association have submitted their industrial plan for the nonferrous metal press works and metal production sector, with the Five-Year Plan stating that the combined output of 10 nonferrous metals, including copper, aluminium and lead, will be limited to 41 million tons.

The plan will also place focus on the development of rare metals, limiting the combined output while also enhancing the additional value of the products.

According to the estimation of the industry association, the apparent consumption of 10 nonferrous metals is very likely to exceed 43.8 million tons by 2015. The association suggested that the combined output of the 10 nonferrous metals should be limited to 41 million tons by 2015, and emphasis should also be given to the control of extra smelting capacity development.”