China MIIT Announce Plans

Jonathan DeakinNews

The Chinese Ministry of Industry and Information technology (MIIT) have announced their offical plans for the development of the nonferrous metal industry.

The report, which was prepared jointly by the MIIT, the Ministry of Science and Technology (MOST) and the Ministry of Finance (MOF) has stipulated that there should be a target output of 12 million tons of major nonferrous metals by the time 2015 rolls around.

The plan claims the ratio of recycled copper, aluminium, and lead will be 40 percent, 30 percent and 40 percent respectively of the total yearly output of these metals in 2015.

Provinces like Zhenjiang, Guangdong, Shandong, Tianjin and Jiangxi will focus on the development of recycled copper; Chongqing, Shanghai and Hainan will prioritize on the development of recycled aluminum; and, the development of recycled lead will be assigned to Anhui, Jiangsu and Hubei.