China sees faster growth in non-ferrous metal output

Source: Xinhua| 2019-02-07 15:05:40|Editor: Yurou
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BEIJING, Feb. 7 (Xinhua) -- Major non-ferrous metal reported faster total output growth in China last year, official data showed.

The production of 10 types of non-ferrous metal increased 6 percent year on year to 56.88 million tonnes in 2018, picking up pace from the 3-percent increase in the previous year, according to the National Development and Reform Commission.

The acceleration was mainly driven by robust production of electrolytic aluminum, which accounted for nearly two-thirds of the total output. Its growth sped up significantly from 1.6 percent in 2017 to 7.4 percent last year.

The production of copper and lead increased 8 percent and 9.8 percent, respectively. But the production of zinc dropped 3.2 percent.

However, the combined profits in the non-ferrous metal industry dropped 6.1 percent year on year to 185.5 billion yuan (27.65 billion U.S. dollars), weighed down by a lackluster metal smelting and rolling sector and falling prices.

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