Energy Insider: China Releases Growth Plan for Nonferrous Metals Sector
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Growth plan for nonferrous metals sector
China’s Ministry of Industry and Information Technology has released a plan to stabilize growth in the nonferrous metals sector for 2025-2026, according to a Sept. 28 announcement. The plan aims for an average annual increase of around 5% in the industry’s value added and calls for a new round of strategic mineral exploration to enhance resource security, focusing on copper, aluminum and lithium. It also targets an annual output increase of around 1.5% for 10 major nonferrous metals and aims for recycled metal production to exceed 20 million tons. The plan identifies insufficient resource security, high-end supply and effective demand, along with growing external shocks, as key challenges.
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