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China's 10 nonferrous metal output up 8.4% in Jan-Feb

Mar. 23, 2012 (China Knowledge) - The combined output of the ten nonferrous metals was 5.48 million metric tons in the first two months of this year, up 8.4% year on year, according to the latest statistics released by the National Development and Reform Commission.

The growth was 7 percentage points higher than that in the same period of 2011.
The output of aluminum electrolytic rose 14% year on year to 3.01 million metric tons in the first two months, recording a 1.6% year-on-year decline in the same period of 2011. Both the output of copper and lead saw slower growth of 6.9% and 2.3%, respectively. The output of zinc saw narrowed decline of 1.9%, while that of alumina experienced faster growth of 10.7% year on year.

In February, the prices of nonferrous metals saw increases compared with December. The average prices of copper and zinc futures on the Shanghai Futures Exchange stood at RMB 59,370 and RMB 15,516 per metric ton, down 4.8% and1.8% from December, but down 17.5% and 16.8% year on year, respectively. The average price of aluminum electrolytic was RMB 16,060 per metric ton, up 0.4% from December but down 3.6% year on year.

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