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From January to May, the nonferrous metals industry maintained steady growth in value added, product output, and fixed asset investment.
2025-12-17
On June 19, according to the Information and Statistics Department of the China Nonferrous Metals Industry Association, overall production in the nonferrous metals sector maintained moderate growth, while fixed‑asset investment expanded at a double-digit rate. In May, the value added of nonferrous metals enterprises above designated size increased by 7.7% year on year in real terms (all growth rates cited are real, adjusted for price changes; the same applies hereafter). From January to May, the value added of these enterprises rose 7.0% year on year, an increase 0.2 percentage points wider than the January–April period and 0.7 percentage points higher than the growth rate of value added across all industries above designated size. By industry, in May, the mining and dressing of nonferrous metal ores recorded a 5.1% year‑on‑year rise in value added, while the smelting and rolling of nonferrous metals grew by 8.1%. For the January–May period, the mining and dressing sector expanded by 6.3%, with the growth rate narrowing by 0.2 percentage points compared with January–April; the smelting and rolling sector advanced by 7.1%, its growth rate widening by 0.2 percentage points over the same period. By product, in May, output of ten major nonferrous metals totaled 6.827 million tonnes, up 2.9% year on year. Of this, primary aluminum (electrolytic aluminum) amounted to 3.828 million tonnes, an increase of 5.0%. From January to May, total output of the ten nonferrous metals reached 33.404 million tonnes, up 2.8% year on year—a pace 0.5 percentage points faster than in January–April. Within this, primary aluminum (electrolytic aluminum) totaled 18.590 million tonnes, up 4.0%, contributing 79.6% to the overall growth in output of the ten nonferrous metals. During the first five months of the year, nationwide industrial fixed‑asset investment rose 11.6% year on year, with investment in the nonferrous metals sector increasing by 19.9%—8.3 percentage points faster than the national industrial investment growth rate over the same period. Specifically, investment in the mining and dressing of nonferrous metal ores surged by 44.0%, while investment in the smelting and rolling of nonferrous metals grew by 14.3%.
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