Output Control Planned for Nonferrous Metals-Shanghai Metals Market

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Output Control Planned for Nonferrous Metals

SMM Insight 10:16:24AM Dec 07, 2010 Source:SMM

BEIJING, Dec. 7 -- The proposal for nonferrous metals in the 12th Five-Year Plan has been submitted, Shang Fushan, vice chairman of the China Nonferrous Metals Industry Association, said on Dec 4, Shanghai Securities News reported on Monday.

According to the proposal, during the 12th Five-Year Plan, the country will implement output control over 10 nonferrous metals including copper, aluminum, lead and zinc. The total production capacity will be held within 41 million tons. In the meantime, the industry will enhance the product added value and further develop deep processing industries in the lower stream, the newspaper reported.

The overall idea for the industry development in the next five years is to meet domestic demand and fully utilize both domestic and international markets and resources, to develop the recycling economy and prevent the excessive expansion of smelting production capacity, to wash out backward productivity, enhance self-directed innovation and promote the optimization and upgrade of industrial structure.
 

Output Control Planned for Nonferrous Metals

SMM Insight 10:16:24AM Dec 07, 2010 Source:SMM

BEIJING, Dec. 7 -- The proposal for nonferrous metals in the 12th Five-Year Plan has been submitted, Shang Fushan, vice chairman of the China Nonferrous Metals Industry Association, said on Dec 4, Shanghai Securities News reported on Monday.

According to the proposal, during the 12th Five-Year Plan, the country will implement output control over 10 nonferrous metals including copper, aluminum, lead and zinc. The total production capacity will be held within 41 million tons. In the meantime, the industry will enhance the product added value and further develop deep processing industries in the lower stream, the newspaper reported.

The overall idea for the industry development in the next five years is to meet domestic demand and fully utilize both domestic and international markets and resources, to develop the recycling economy and prevent the excessive expansion of smelting production capacity, to wash out backward productivity, enhance self-directed innovation and promote the optimization and upgrade of industrial structure.