China Nonferrous Metals Industry Association announced that the country’s non-ferrous output is likely to exceed 60mn mt in 2020 by 5pc from the prior year to reach 61.5mn mt.
The collective income of non-ferrous industries is expected to climb to CNY5.6tn ($0.86tn), up by 2.5pc from the prior year The total profits are expected at CNY1.65mn($0.25mn), up by 10pc.
In 2021, the association announced that the industries will achieve supply chain stability and will strive for carbon neutrality.
($1=CNY6.46)