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China aims to cap nonferrous metals output -paper

Jul 20th 2015 at 3:03 AM

Pure Nickel

SHANGHAI July 26 (Reuters) - China will aim to keep total annual output of 10 nonferrous metals below 41 million tonnes by 2015, the China Securities Journal said on Monday.


The metals include copper, aluminum, lead, zinc, nickel, tin, antimony, magnesium, titanium sponge, and hydrargyrum, the report quoted Shang Fushan, deputy head of the China Nonferrous Metals Industry Association, as saying at an industry conference.


China also plans to keep total copper smelting capacity below 7 million tonnes per annum, alumina below 41 million tonnes per annum, aluminium below 20 million tonnes per annum, lead below 5.5 million tonnes per annum and zinc below 6.7 million tonnes per annum, the report said.


The association also projected that apparent consumption for base metals would reach 43.8 million tonnes in 2015 including 8.3 million tonnes for copper, 24 million tonnes for aluminium, 5 million tonnes for lead and 6.5 million tonnes for zinc.


As the world's largest metals consumer, China will try to concentrate 90 percent of the country's total copper output among the top ten producers over the next five years.


The top 10 lead and zinc producers will also be encouraged to take up to 70 percent of total production.


China is also drafting regulations for rare metals production as part of a five-year state development plan in order to curb blind expansion of smelting capacities.



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