Oct: China's Copper and Aluminum Output Break New High in Successive 2 Months

According to the statistics released by China National Bureau of Statistics Wednesday, the country's copper and aluminum output has break a new high in successive 2 months, it is believed the raising is resulted from the speeding up operations of manufacturers to achieve annual production plan.

The output of copper raises 1.1% to 399,300 tons in Oct; the amplitude is lower than 8.2% of Sep.

The output of aluminum increases 4.4% MoM to 399,300 tons in Oct, which soars 17.1% YoY. The increasing aluminum price drives the manufacturers to restart the idle capacity and more new projects are continues to put into practice.

The analysts indicated that although the markets are well supplied, the new projects are never be handled, it put another pressure to the oversupplied industry.

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