SHANGHAI, Nov 12 (SMM) – SMM analysts and many conference guests shared their views on the future development and the price forecast of the non-ferrous metal industries at the SMM Nonferrous Metals Industry Chain Annual Conference.
Current status and development trends of China's copper processing and production technology
Yu Xuede, deputy chief engineer of China Nerin Engineering Co., said that the entire copper industry chain includes mining, beneficiation, blister copper smelting, refined copper smelting, copper processing, etc.
In China’s copper industry chain, the copper product consumption continues to grow, and China is currently the world’s largest consumer of copper products; the copper processing capacity is greater than copper smelting capacity, and the smelting capacity exceeds copper concentrate supply. The resource shortage is the prominent problem in China’s copper industry.
RUSAL aims to produce 95% of the aluminium products with carbon-free energy by 2025
Deng Gang, President of Sales and Marketing of RUSAL China, said that China is actively responding to the dual carbon policy, and China's demand of secondary aluminium will soon exceed that of primary aluminium. It is estimated that by 2030, the proportion of aluminium products produced with secondary aluminium will rise from 18% in 2020 to 30%.
Rusal has committed to achieving carbon neutrality by 2050, and aims to produce 95% of its aluminium products with carbon-free energy by 2025.
New solutions to lithium battery supply chain
At the SMM Annual Conference, Yettie Yi, Director of SMM New Energy Research and Consulting, introduced the importance of SMM prices for the companies in the new energy industry to reduce the transaction costs.
She also explained to the guest the pricing rules and principles for the cost and price linkage of the recently launched SMM prices of lithium hexafluorophosphate, iron phosphate, and battery cell.