In the first half of the year, despite a complex international economic environment and significant downward economic pressures at home, China’s nonferrous metals industry maintained an overall stable operating trend. Production of ten major nonferrous metal smelting products showed steady growth on the whole, and output of copper and aluminum processed products continued to rise, though the growth rate slowed down.
The development speeds of the nonferrous metals industry and the profitability of enterprises have shown significant divergence across different provinces and regions. In the first half of the year, Shandong Province produced a total of 4.46 million tons of ten types of nonferrous metals, ranking first nationwide; Xinjiang came in second with 2.90 million tons, while Henan dropped to third place. Moreover, from January to May, Shandong’s nonferrous metals industry achieved main business revenues of 238 billion yuan, total profits of 16.7 billion yuan, and total tax and profit contributions of 22 billion yuan—key economic indicators that far outpaced those of other provinces.