Ministry Of Industry And Information Technology And Other Seven Departments Issued -non-ferrous Metal Industry Stable Growth Work Programme

The Ministry of Industry and Information Technology (MIIT), National Development and Reform Commission (NDRC), Ministry of Finance (MOF), Ministry of Natural Resources (MNR), Ministry of Commerce (MOFCOM), General Administration of Customs (GAC), and State Grain and Reserve Administration (SGRA), and other seven departments have recently issued the "Work Programme for Stable Growth of the Non-ferrous Metals Industry," which puts forward that in 2023-2024, the main objectives of the non-ferrous metals industry's stable growth are: to maintain a steady growth in the output of copper, aluminium and other major products, and to increase production of ten non-ferrous metal production grew at an average annual rate of about 5%, positive progress has been made in the development of domestic resources such as copper, lithium, etc., the quality of supply of deep-processed non-ferrous metal products has been further improved, and supply and demand have basically achieved dynamic equilibrium. Operating income will maintain growth, investment in fixed assets will continue to grow, the trade structure will continue to be optimised, greening and intelligent transformation and upgrading will be accelerated, and energy consumption per unit of smelted products, such as copper and lead, will drop by more than 2% per year. Strive for non-ferrous metal industry added value to grow by about 5.5% year-on-year in 2023, and by more than 5.5% in 2024.