Source: Chinalco China Mining News
According to the report “2013 Economic Operation of Nonferrous Metals Industry” released by Chinalco's Ministry of Industry and Information Technology recently, in 2013, China's non-ferrous metal industry continued to stabilize and develop positively under the severe domestic and international economic situation. change. The report also pointed out that China's economic fundamentals are still good this year, and the environment supporting the operation of the non-ferrous metal industry will be further improved. This year's industry operation will be slightly better than 2013, but it will not change much.
According to the report, in 2013, the output of ten non-ferrous metals in China was 40.29 million tons, a year-on-year increase of 9.9%. The growth rate of primary aluminum declined somewhat, and the growth of copper and aluminum production increased by 14% and 8% respectively. In terms of industry profits, 9276 large-scale non-ferrous metal industrial enterprises (including gold and rare earths) achieved a main business income of 5.2695 trillion yuan, an increase of 11.8%, and a profit of 207.3 billion yuan, a decrease of 5.9%, a decrease of 1.2 percentage points.
The report also shows that although the price of non-ferrous metals continued to oscillate at a low level in 2013, the amount of investment continued to increase. According to the statistics of China Nonferrous Metals Industry Association, in 2013, China's non-ferrous metal industry (excluding independent gold enterprises) completed fixed assets investment of 660.9 billion yuan, an increase of 19.8%, an increase of 4.2 percentage points over the previous year. Among them, processing investment has risen sharply, mine investment has increased steadily, smelting investment has eased, and investment structure has been adjusted significantly.
In addition, in 2013, China's non-ferrous metal import and export trade totaled US$158.1 billion, a slight increase of 1.1%; new achievements were made in the development of key technologies and new materials in the industry, and with the widespread promotion of new technologies, the non-ferrous metals industry achieved remarkable results in energy conservation.
The report also pointed out that in 2013, China's non-ferrous metal industry was characterized by overcapacity problems, insufficient smelting enterprises' resource protection, weak independent innovation capability, and low profitability of state-owned and holding companies.
According to the report, in 2014, the non-ferrous metals industry will be guided by the spirit of the relevant central conferences and documents, and adhere to the general tone of the work of striving for stability, so that the market will play a decisive role in allocating resources to resolve overcapacity and promote rare metal legislation. Focus on improving industry management policies, promoting industrial restructuring and standardized management, strengthening industry analysis and research, and promoting the establishment of a unified, open, competitive and orderly market system, guiding the healthy and orderly development of the industry, and promoting the transformation and upgrading of the industry.