SHANGHAI, Jun. 5 (SMM) – Chen Quanxun, president of the China Nonferrous Metals Industry Association (CNIA) said China’s nonferrous metals industry is experiencing a major transition from high-speed development to moderate growth. 

 

Vice president of the CNIA Jia Mingxing pointed out that the structure of China’s nonferrous metals industry is not reasonable, as smelting segment is witnessing severe overcapacity, while supplies of ore and downstream products with high added value are in shortages. This leaves China lagging behind other economies in terms of the division of nonferrous metals industry. Thus, resource and energy supplies and environmental protection should be taken into consideration for further development of the industry.