Industry Update
China Nonferrous Metals Industry Association (CNMIA) expects overall growth of 6% for 2015 industry
Chen Quanxun, head of CNMIA, made the estimation on March 26 with an increase of 10.7% for industrial added value of China’s nonferrous industry over the first two months in 2015.
66 key state-owned nonferrous companies have lost money in the last two months, accounting for over half the industry. This only happened in the 2009 financial crisis.