The value-added industrial output of China's non-ferrous metals industry rose by 10.8 percent year on year in the first half (H1) of 2024, with the growth rate being 4.8 percentage points higher than the country's general value-added industrial output growth during the same period, according to latest data. In particular, the value-added industrial output of mining and dressing enterprises grew by 9.1 percent year on year, while enterprises engaged in smelting and processing saw 11.1 percent growth in value-added industrial output, according to the data released by the China Nonferrous Metals Industry Association. Since the beginning of this year, the industry sustained steady growth, evidenced by improved investment structure, robust imports and exports, and significant growth in corporate profits, vice president of the association Chen Xuesen said, according to Xinhua. Xuesen said that policies, including large-scale equipment renewal and trade-ins, have supported domestic demand and promoted non-ferrous metals consumption. The rapid development of the tech-intensive green trio, namely lithium-ion batteries, photovoltaic products and NEVs, high-end manufacturing like high-speed trains, and aerospace techs, as well as the development of a new generation of emerging industries, including electronic information focused on artificial intelligence, has also driven the demand for non-ferrous metals, Xuesen said. The vice president expects market demand to maintain initial steady growth in the second half of this year. Source: Qatar News Agency
Related Posts
Bangladesh State Minister for Energy to QNA: We Look Forward to Greater Energy Cooperation with Qatar
HE State Minister of Power, Energy and Mineral Resources of the People’s Republic of Bangladesh Nasrul Hamid Bipu affirmed that his country looks forward to greater and broader cooperation with the State of Qatar in the field of energy.
In remarks to…
Elevator Modernization Market Share, Growth, Report 2022-27
Published by Newstrail According to IMARC Group’s latest report, titled “Elevator Modernization Market: Global Industry Trends, Share, Size, Growth, Opportunity…
QSE Index Rises 0.12% at Start of Trading
Doha: The general index of Qatar Stock Exchange (QSE) rose 12.74 points, or 0.12% to reach the level of 10,273 points at the beginning of trading on Monday, compared to yesterday’s closing.
QSE general index was supported by a rise in most sectors: T…