Investment of Fixed Assets in China's Nonferrous Metals Industry Up in 2010

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Researched by Industrial Info Resources (Sugar Land, Texas)--The cumulative investment of fixed assets in 2010 in China's nonferrous metals industry (excluding independent gold enterprises) reached $54.97 billion, an increase of 33.53% from 2009, according to the yearly report published by China Nonferrous Metals Industry Association earlier this month.

Click on image at right to see the top 10 regions in China for fixed assets investment in nonferrous metals.

The fixed assets investment in for the mining of nonferrous metals reached $11.52 billion, an increase of 34.16% year over year, accounting for 20.96% of the total investment of the industry.

The smelting sector reached $23.65 billion, an increase of 24.01% year over year, accounting for 43.02% of the total. The processing sector reached $19.8 billion, an increase of 46.59% year over year, accounting for 36.02% of the total, which was 3.2 percentage points higher than the previous year.

In 2010, the fixed assets investment of state-owned and state-holding enterprises in the nonferrous metals industry reached $14.56 billion, accounting for 26.48% of the total; that of private enterprises reached $33.24 billion, accounting for 60.47% of the total.

The fixed assets investment for zinc and lead mining reached $3.03 billion, an increase of 31.02% year over year. That of copper mining reached $2.09 billion, an increase of 17.76% year over year. Fixed assets investment in aluminum mining reached $750 million, an increase of 34.04% year over year. In 2010, the fixed assets investment for zinc and lead smelting reached $3.54 billion, an increase of 34.86% year over year; that of copper smelting reached $3.46 billion, an increase of 20.03% year over year. Fixed assets investment for aluminum smelting reached $6.97 billion, an increase of 24.68% year over year.

In 2010, the total investment of new projects in the nonferrous metals industry reached $55.83 billion, an increase of 28.82% year over year. Of this,0 the total investment for new mining projects reached $10.86 billion, an increase of 38.19% year over year; that of new smelting projects reached $19.5 billion, a drop of 10.47% year over year. Investment in new processing projects reached $25.46 billion, a jump of 85.91% year over year.

For different regions, the total investment of the top 10 regions in China reached $37.4 billion, accounting for 68.03% of the total. Henan, Inner Mongolia, Shaanxi, Jiangxi and Hunan are the top five regions for the total investments for projects that kicked off in 2010. The total investment of new projects in these five regions reached $25.33 billion, accounting for 45.37% of the total.

Note: Calculated based on the exchange rate of $1= 6.6 Chinese yuan

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