Foreign media: China announced production restrictions in the non-ferrous metal industry to curb cutthroat competition and improve industrial efficiency.
This measure continues the approach of curbing "intra-industry overcompetition," which has previously involved sectors such as photovoltaics, wind power, petrochemicals, and steel. The plan emphasizes no longer solely pursuing output, but optimizing the structure and promoting an annual growth of about 5% in industrial added value. It is expected that the main non-ferrous metal production in China will grow by 1.5% in 2025, significantly lower than last year's 4.3%.
The key aspects of the plan include increasing exploration for copper, aluminum, lithium, nickel, cobalt, and tin, developing ultra-pure metals and advanced rare earth materials, and strengthening recycling of waste batteries and photovoltaic panels. The non-ferrous metal industry is dominated by state-owned enterprises, which are an important supply source for China's manufacturing and high-tech industries, but this year, the processing fees for copper concentrate have remained low, squeezing the profits of smelters.
Original article: www.toutiao.com/article/1844692748702720/
Statement: This article represents the views of the author himself.