China’s domestic consumption and investment growth will continue to improve in H2, 2021, according to a report by Nonferrous Metals Industry Association, China.

 

In H1 2021, the output of ten non-ferrous metals was 32.549mn mt, up by 11pc from the prior year, an average increase of 7pc in two years.

 

Refined copper output was up by 12.3pc at 5.15mn mt, from H1,2020. Primary aluminium output increased by 10.1pc to 19.63mn mt, up, an average increase of 5.6pc in two years. Alumina output also increased by 10.9pc to 39.28mn mt, an average increase of 2.9pc in the last two years.

 

After a continuous decline in total investment in fixed assets in the non-ferrous metals’ sector for several years, it increased by 15.7pc in H1 2021 from the prior-year period. Investment in mining and dressing gained 12pc and investment in smelting and rolling increased by 16.5pc. 

 

The import and export volume of copper and aluminium increased from the prior year. In H1, 2021, copper concentrate imports stood at $25.70bn, up by 58.2pc from the prior year.

 

The volume of imports was 11.44mn mt, 6.2pc from the prior year.

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