At a press conference held today (February 3), the China Nonferrous Metals Industry Association provided an overview of the industry's performance in 2025. A relevant official from the association stated that the output of China's primary nonferrous metal products reached a new record high in 2025, maintaining a leading share of the global total. The industrial added value of nonferrous metal enterprises grew by 6.9% in 2025, which was 1.0 percentage point higher than the growth rate of the total industrial added value of major industrial enterprises nationwide. The output of ten major nonferrous metals surpassed the 80 million ton threshold for the first time, reaching 81.75 million tons, marking a 3.9% increase from the previous year and an average annual growth rate of 5.0% during the "14th Five-Year Plan" period.
According to the association's forecast, the nonferrous metals industry is expected to maintain steady growth in 2026, with the first quarter continuing the positive trend from the end of the previous year to achieve a strong start for the "15th Five-Year Plan". Barring any "black swan" events, preliminary estimates for the industry's key indicators in 2026 are as follows: production is expected to continue its stable operation, with industrial added value projected to increase by approximately 5% year-on-year. Based on the characteristics of nonferrous metal production and capacity construction, the output of ten commonly used nonferrous metals is anticipated to grow by about 2% year-on-year in 2026.
In terms of prices, industrial silicon and lithium carbonate prices are expected to stabilize and rebound in 2026, while the prices of major commonly used nonferrous metals such as copper and aluminum are projected to fluctuate at high levels. Industry operating revenue growth is anticipated to reach 5%, with profits achieving a modest increase.
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