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China's 10 nonferrous metal output up 5.8% in Q1

Apr. 25, 2012 (China Knowledge) - The combined output of the ten nonferrous metals was 8.4 million metric tons in the first three months of this year, up 5.8% year on year, according to the latest statistics released by the National Development and Reform Commission.

The growth was 3.5 percentage points lower than that in the same period of 2011.
The output of aluminum electrolytic rose 12.1% year on year to 4.59 million metric tons in the first three months, after rising only 1.6% in the same period of 2011. The output of copper and alumina saw slower growth of 9.8% and 7.9%, respectively.

The output of lead and zinc saw decline of 8.7% and 5.7% year on year in the period, after recording year-on-year growth of 31.4% and 11.4% in the first quarter of 2011.

In March, the prices of major nonferrous metals (excluding aluminum electrolytic ) saw increases compared with February. The average prices of copper and zinc futures on the Shanghai Futures Exchange stood at RMB 59,633 and RMB 15,628 per metric ton, up 0.4% and 0.7% from the previous month, but down 17.6% and 17.8% year on year, respectively. The average price of aluminum electrolytic was RMB16,001 per metric ton, down 0.4% from February and 4.5% year on year.

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