China Non-Ferrous Industry Analysis

China being largest producer and consumer of majority of non-ferrous metal remains the growth engine for global non-ferrous industry. Rapid demand outstrip the supply of non-ferrous industry due to which China will turn into a net importer of various non-ferrous metals.

Aluminium industry is an industry with serious overcapacity in China. Moreover, the utilization rate of the aluminium industry is merely 75% (2005), implying a substantial amount of idle capacity.

The copper demand in China declined in the year 2006 largely due to high prices. China¡äs copper demand will continue to increase despite the growth rate is likely to fall moderately in 2007, as the country will continue to proceed in the process of industrialization and urbanization.

Although China¡¯s domestic production of non-ferrous metal is increasing but due to limited mineral reserves, China¡¯s import dependency for raw material is rising.

China¡¯s nickel demand grew by 14.2% during 1990-2005 whereas global nickel demand grew by only 3% for same period.

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