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The development of the non-ferrous metal industry is expected to continue to improve this year

"After the non-ferrous metal industry hits the bottom in the first quarter of 2020, it will be recovering from the second quarter. On the whole, the operation of the whole year of 2020 is significantly better than expected, and the non-ferrous metal industry's production volume, benefits and copper and aluminum annual The average price is better than the previous year’s level." On January 29, at a press conference held by the China Nonferrous Metals Industry Association, Jia Mingxing, vice chairman and secretary general of the China Nonferrous Metals Industry Association, informed the media about the 2020 non-ferrous metal industry economy. He also pointed out that in 2021, the non-ferrous metal industry is expected to continue to improve.

The output broke 60 million tons for the first time, and the benefit was significantly better than expected

Jia Mingxing said that in 2020, the biggest highlight of the industry is that the annual output of non-ferrous metals exceeded 60 million tons for the first time, which is of great significance to the development of the industry.

According to reports, the global total annual output of non-ferrous metals is about 120 million tons. China's annual output of non-ferrous metals will reach 61.680 million tons in 2020, an increase of 5.5% year-on-year. The output has exceeded the total output of other foreign countries. Jia Mingxing believes that this reflects the progress of technological innovation in mining, processing and smelting in my country's non-ferrous metal industry. At present, my country has mastered the world's most advanced technologies for beneficiation, mining, and smelting of copper, aluminum, lead, zinc, nickel, tin, etc., which has achieved a substantial reduction in production costs and boosted the rapid growth of my country's non-ferrous metal output. On the other hand, the current domestic non-ferrous metal market consumption is 63 million tons, and more than 60 million tons of non-ferrous metal output has basically been digested by the domestic market. Therefore, the non-ferrous metal industry provides an important guarantee and support for my country's national economy, national defense and military industry.

Another bright spot is that the benefits of non-ferrous metal industrial enterprises in the 2020 regulations are significantly better than expected. In 2020, the regulated non-ferrous metal industrial enterprises (including independent gold companies) will achieve operating income of 5826.65 billion yuan, a year-on-year increase of 3.8%; realizing total profits of 183.32 billion yuan, a year-on-year increase of 19.2%. Among them, copper companies realized a profit of 40.84 billion yuan, a year-on-year increase of 7.7%, driving the profit of regulated non-ferrous metal companies to increase by 1.9%; aluminum companies realized a profit of 62.89 billion yuan, a year-on-year increase of 53.0%, driving a profit of regulated non-ferrous metal companies to increase by 14.2 Percentage: Gold companies realized a profit of 22.16 billion yuan, a year-on-year increase of 62.5%, driving a 5.5% increase in the profits of non-ferrous metal companies on the regulations.

Jia Mingxing believes that in addition to the low profit base of non-ferrous metal companies in 2019, the most important ones are: first, the company actively and orderly promotes the resumption of work and production, and non-ferrous metal production maintains steady growth. , Provides an important prerequisite for the growth of efficiency; second, under the combined effect of national macro policies and industrial supply-demand relations, the average annual price of copper and aluminum in the domestic market in 2020 will rise to higher than the price level of the previous year, and corporate profits will increase accordingly ; Third, with the support of national fiscal, taxation and monetary policies, as well as the effective implementation of energy-saving and consumption-reducing measures by enterprises to strengthen management, the planned non-ferrous metal enterprises' 100-yuan revenue costs have been reduced and their profitability has increased.

Jia Mingxing also pointed out an industry development feature that deserves attention in recent years. During the "13th Five-Year Plan" period, my country's non-ferrous metal industry fixed asset investment dropped by 2.6% annually. Among them, the non-ferrous metal industry (including independent gold companies) in 2020 Completed total investment in fixed assets decreased by 1.0% year-on-year. Among them, the investment in fixed assets for mining and dressing fell by 4.0% year-on-year; the investment in fixed assets for smelting and rolling processing fell by 0.4% year-on-year. The reason: On the one hand, non-ferrous metal smelting and common processing projects have overcapacity or saturation, and new projects have decreased. In addition, when the smelting capacity is replaced by the equivalent reduction, the capacity investment of the construction unit is significantly reduced. For example, the investment cost per ton of electrolytic aluminum production capacity has been reduced from about 10,000 yuan in previous years to five or six thousand yuan. On the other hand, during the "13th Five-Year Plan" period, companies have invested overseas to obtain mineral resources such as copper, aluminum, nickel, cobalt, etc., which are in short supply in China. Some processing projects have also been transferred to Southeast Asia to invest and build factories. Not included in the scope of domestic non-ferrous metal project investment statistics. In addition, in recent years, domestic non-ferrous metal companies have begun to invest in some new fields and high value-added fields, and these investments have not been included in the non-ferrous metal industry investment statistics. He said that the excess capacity and the carrying capacity of resources and the environment no longer allow the non-ferrous metal industry to engage in simple and extensive large-scale development. China's non-ferrous metal industry should develop in the direction of high quality and high value-added.

Article information source-China Industry News Network

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