China to Limit Nonferrous Metals Production, Securities Says -Shanghai Metals Market

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China to Limit Nonferrous Metals Production, Securities Says

Industry News 08:38:59AM Jul 26, 2010 Source:SMM

July 26 (Bloomberg) -- China will limit production of 10 kinds of non-ferrous metals to a combined annual output of about 41 million tons by 2015, the China Securities Journal reported today, citing Shang Fushan, vice chairman of the China Nonferrous Metals Industry Association.

Annual 'apparent' consumption of copper, lead, zinc and aluminum may be 43.8 million tons by 2015, the newspaper reported, citing the nonferrous metals association. Consumptin of copper may be 8.3 million tons, the newspaper reported. Lead consumption may be 5 million tons, zinc may be 6.5 million tons and aluminum may be 24 million tons, the newspaper reported.

The nation also plans to phase out outdated production capacity, the Beijing-based newspaper reported.
 

Key Words:  base metal 

China to Limit Nonferrous Metals Production, Securities Says

Industry News 08:38:59AM Jul 26, 2010 Source:SMM

July 26 (Bloomberg) -- China will limit production of 10 kinds of non-ferrous metals to a combined annual output of about 41 million tons by 2015, the China Securities Journal reported today, citing Shang Fushan, vice chairman of the China Nonferrous Metals Industry Association.

Annual 'apparent' consumption of copper, lead, zinc and aluminum may be 43.8 million tons by 2015, the newspaper reported, citing the nonferrous metals association. Consumptin of copper may be 8.3 million tons, the newspaper reported. Lead consumption may be 5 million tons, zinc may be 6.5 million tons and aluminum may be 24 million tons, the newspaper reported.

The nation also plans to phase out outdated production capacity, the Beijing-based newspaper reported.
 

Key Words:  base metal