Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
RTRS: China aims to cap nonferrous metals output -paper
 
SHANGHAI July 26 (Reuters) - China will aim to keep total annual output of 10 nonferrous metals below 41 million tonnes by 2015, the China Securities Journal said on Monday.

The metals include copper, aluminum, lead, zinc, nickel, tin, antimony, magnesium, titanium sponge, and hydrargyrum, the report quoted Shang Fushan, deputy head of the China Nonferrous Metals Industry Association, as saying at an industry conference.

China also plans to keep total copper smelting capacity below 7 million tonnes per annum, alumina below 41 million tonnes per annum, aluminium below 20 million tonnes per annum, lead below 5.5 million tonnes per annum and zinc below 6.7 million tonnes per annum, the report said.

The association also projected that apparent consumption for base metals would reach 43.8 million tonnes in 2015 including 8.3 million tonnes for copper, 24 million tonnes for aluminium, 5 million tonnes for lead and 6.5 million tonnes for zinc.

As the world's largest metals consumer, China will try to concentrate 90 percent of the country's total copper output among the top ten producers over the next five years.

The top 10 lead and zinc producers will also be encouraged to take up to 70 percent of total production.

China is also drafting regulations for rare metals production as part of a five-year state development plan in order to curb blind expansion of smelting capacities. (Reporting by Ruby Lian and Edmund Klamann, Editing by Jonathan Hopfner)

Source