In 2006, China's non-ferrous metal price continued a large rise after hiking for three consecutive years. Main non-ferrous metals experienced a considerable price hike, especially zinc, copper and nickel. In international spot market, the average prices of zinc, copper and nickel are respectively USD 3,275/ton, USD 6,712/ton and USD 24,244/ton, up by 13.71%, 8.25% and 6.46% year-on-year.
The year 2006 also witnessed the historical highest profit of China's non-ferrous metals industry. In the whole year, non-ferrous metals enterprises above designated size generated the industry added value of RMB 358 billion, up 23% over 2005 calculated by comparable prices.
The forthcoming 5 years will remain as the booming period of non-ferrous metals industry, which will be obviously manifested by the continuous rising momentum in production capacity, and 2008-2009 will witness a new peak period in the expansion of smelting industry. According to the current plan, the estimated output of ten of China's non-ferrous metals will be growing at over 10% in 2007-2010, and by the year 2010, the annual output will have exceeded 30 million tons.