According to National Development and Reform Commission, China ten non ferrous metals output increased 16.3%YoY and 6.3%MoM in October.
In this month, electrolytic aluminum production went up by 17.1%YoY and 11.5% MoM while copper, lead and zinc output up 28.4%, 7.9% and 9.8%YoY. Besides, alumina production also staged an increase of 24.6%YoY.
Nonferrous metals prices also appeared higher than that in the same period of last year. The average spot rate of copper CNY 49,807 per tonne up by 34.2% YoY, lead CNY 15,841 per tonne up by 14.2% YoY and zinc stood at CNY 16,043 per tonne up by 50.8%YoY respectively. But aluminum price dips 0.4%MoM.
In January to October the total yield of non ferrous metals reached 21.44 million tonnes up by 1.3%YoY.
(Sourced from MySteel.net)
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