China’s non-ferrous metal sector output growth steady – report

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.

Production of ten kinds of non-ferrous metals totalled 53.76 million tonnes during the period, up 7 percent year on year, Xinhua news agency said, adding 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, aluminium and lead surging 43.1 percent, 36.6 percent and 3.4 percent year on year respectively during the 10-month period, Xinhua said, adding that copper stockpiles reached 89,000 tonnes at the end of October, down 13 percent from end-September.

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