China's Nonferrous Metals Output Rises 6.6% in First Three Quarters of 2014

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Researched by Industrial Info Resources China (Beijing, China)--Output of 10 major nonferrous metals during the first three quarters of this year in China totaled 31.95 million tonnes, up 6.6% from the same period in 2013, according to the latest statistics.

Aluminum ingot production totaled 7.59 million tonnes in the first three quarters, a 7.8% increase over the same period last year. Copper output rose 11%, zinc output rose 4.6%, and alumina production rose 4.8%, but lead production fell 5.6%.

Prices of copper, lead and zinc fell in September from August, while aluminum ingot prices rose. The average aluminum ingot price as traded in September on the Shanghai Future Exchange in September was $2,335.17 per tonne, an increase of 3.7% from August, and up 0.9% over September 2013.

Copper traded at $8,086.94 per tonne in September, down 0.6% from August and down 4.9% from September 2013. Lead traded at $2,302.75 in September, down 2.5% from prices in August, and down 1.7% from September 2013. Zinc traded at $2,690.33 per tonne in September, down 0.6% from August, but up 11.3% from September 2013.

China's nonferrous metals industry profits for the first three quarters of this year totaled $17.03 billion, up 2.4% over the same period in 2013. Mining and nonferrous metals processing profits fell 9.4% to $5.95 billion. Smelting and processing profits rose 9.5% to $11.39 billion.

Industrial Info tracks more than 10,200 operational plants and 14,100 active projects, with a total investment of more than $2 trillion in China, including more than 4,200 operational plants and 4,500 active Metals and Minerals projects, with a total investment of more than $640 billion.

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