The combined output of ten nonferrous metals in China rose 7.5% year
on year last month. The pace of growth accelerated from a 6.6% in the
same month of 2012, according to the latest statistics released by the
National Development and Reform Commission.
In the first five
months, the country's ten nonferrous metal output amounted to 16.04
million metric tons, up 10.9% year on year. The growth rate was 5.8
percentage points higher than that in the corresponding period of last
year.
The output of aluminum electrolytic rose 8.3% year on year
to 8.73 million metric tons in the first five months, after rising 10.5%
in the same period of 2012. The output of copper and alumina continued
to see faster growth of 14.5% and 10.9%, respectively.
The output
of lead and zinc saw an increase of 16.2% and 9.3% year on year in the
period, after recording a year on year decline of 5.2% and 7% in the
first five months of 2012.
In the first five months, the
nonferrous metal industry realized RMB 65.17 billion in profit,
reflecting a decline of 7.1% year on year. The profit of the nonferrous
metal mining and dressing sector dropped 4.4% year on year to RMB 25.38
billion, while that of the nonferrous metal smelting and processing
sector fell 8.8% to RMB 39.79 billion
Source by Commodity Insights
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