China`s 10 nonferrous metal output up 6.6% in Jan-Sep to 31.95 mln ton
Source: www.chinamining.org Citation: China Knowledge Date: October 31, 2014
The combined output of the ten nonferrous metals rose 6.6% year on year to 31.95 million tons in the first nine months of this year, according to the latest statistics released by the National Development and Reform Commission.
The output of aluminum electrolytic rose 7.8% year on year to 17.59 million tons in the nine-month period. The output of copper and alumina oxide see a growth of 11% and 4.8%, respectively.
The output of lead dropped 5.6% year on year in the period, and the output of zinc went up 4.6% from a year earlier in the first nine months.
In Sep 2014, the prices of major nonferrous metals reflect a decline from Aug 2014. The average prices of copper and zinc futures on the Shanghai Futures Exchange stood at RMB 50,139 and RMB 16,680 per ton, down 0.6% and 0.6% from a month earlier, respectively. The average price of aluminum was stood at RMB 14,478 per ton, up 3.7% from Aug or 0.9% from a year earlier.
In the first eight months of this year, China`s nonferrous industry realized RMB 105.6 billion in profit, 2.4% higher than in the same period of 2013.
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