BUSINESS Output of China's non-ferrous metal sector rises steadily


Output of China's non-ferrous metal sector rises steadily


17:15, November 27, 2021

BEIJING, Nov. 27 (Xinhua) -- China's non-ferrous metal sector maintained steady growth in output during the first 10 months of the year, according to data from the Ministry of Industry and Information Technology.

Photo: VCG

Production of ten kinds of non-ferrous metals totaled 53.76 million tonnes during the period, up 7 percent year on year. The two-year average growth was 5.7 percent.

Output of copper, aluminum and lead rose to 8.62 million tonnes, 32.37 million tonnes and 5.96 million tonnes, marking a year-on-year increase of 8.4 percent, 6.5 percent and 13.3 percent, respectively, data showed.

Spot prices of non-ferrous metals remained high, with those of copper, aluminum and lead surging 43.1 percent, 36.6 percent and 3.4 percent year on year respectively during the 10-month period.

Copper stockpiles reached 89,000 tonnes at the end of October, down 13 percent from end-September.

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