Summary: From January to June, the output of ten kinds of non-ferrous metals nationwide was 19.47 million tons, an increase of 10% year-on-year, and the growth rate was 3.3% higher than the same period of last year. The output of electrolytic aluminum was 10.58 million tons, an increase of 7.9%, a 1.8 percentage point slowdown;

In the first half of 2013, the output of major non-ferrous metal products in China continued to increase, and prices have picked up. However, the profits of the industry have declined significantly. It remains to be seen whether the entire industry can recover.

From January to June, the output of ten kinds of non-ferrous metal nationwide was 19.47 million tons, an increase of 10% year-on-year, and the growth rate was 3.3% higher than the same period of last year. The output of electrolytic aluminum was 10.58 million tons, an increase of 7.9%, slowing down by 1.8 percentage points; copper production by 12.9%, accelerating by 2.6 percentage points; lead production by 12.5%, accelerating by 3.6 percentage points; zinc production by 9.2%, down by 6.2% over the same period of last year . Alumina production increased by 10%, accelerating by 0.3%.

The price of major non-ferrous metals rebounded but remained at a low level compared with the same period of last year. In June, the average prices of copper, electrolytic aluminum, lead and zinc futures of Shanghai Futures Exchange were 53,227 yuan/ton, 14,725 yuan/ton, 13,896 yuan/ton and 14,535 yuan/ton, respectively, a slight increase of 2.6% and 1.5% from the previous quarter. 1.1% and 0.8% but decreased by 4%, 7.7%, 8.8% and 1.6% respectively.

Affected by the global metal price drop and domestic economic downturn, the non-ferrous metal industry realized a profit of 65.17 billion yuan in the first five months, a year-on-year decrease of 7.1%. Among them, non-ferrous metal mining industry profit 25.38 billion yuan, down 4.4%; non-ferrous metal smelting and rolling processing industry profit 39.79 billion yuan, down 8.8%.

But when the entire industry is in a downturn, there are also bright spots. As of the end of June, the total assets of China Nonferrous Metals Corporation, one of the top 500 companies in the world, increased by 15.26% over the same period of last year, and operating income increased by 77.43% year-on-year; the profit of its subsidiary Tieleng Mineral Processing Pharmaceuticals Co., Ltd. increased by 22.28% year-on-year, over 115. 18.2% of the profits of the central SOEs grew year-on-year.