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China's nonferrous metal output maintains steady growth in 2023

2024-01-31 16:44:06


Employees work on the production line of a lithium battery producer in Hai'an, Jiangsu province. ZHAI HUIYONG/FOR CHINA DAILY

BEIJING -- China's nonferrous metal industry saw a stable performance last year with growing production and fixed-asset investment, said the China Nonferrous Metals Industry Association on Tuesday.

Last year, China produced 74.7 million tons of 10 common nonferrous metal types, up 7.1 percent from 2022, said the association.

The fixed-asset investment increased by 17.3 percent over 2022, and the growth rate hit a record high in nearly a decade.

The association forecasts that the value-added output of the nonferrous metal industry will grow 5.5 percent or above this year.