Chinese metals industry outlook for 2009

Interfax China reported that the year has been a rollercoaster ride for most industrial metals, culminating in sharp price drops as the global financial crisis gripped major economies.

As the world's largest consumer and producer of metals, China's demand was the main factor behind skyrocketing metals prices over the past few years through to the beginning of 2008.

China's metals consumption is expected to continue to grow in 2009 but at a slower rate than in previous years.

In addition, the Chinese government is likely to implement positive fiscal and monetary policies to support the metals industry in 2009, in a move to maintain sustainable economic growth.

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