Non-ferrous metals industry should pay attention to two risks

Chen Quanxun, president of the China Nonferrous Metals Industry Association, said recently that at the domestic macroeconomic level, there are many favorable conditions for the development of China's nonferrous metal industry in 2012, but at the same time, the nonferrous metals industry should pay attention to two risks: First, the risk of overcapacity. The structural contradictions in China's non-ferrous metals industry are still very prominent, and the status quo of overcapacity of some non-ferrous metal products has not changed. Once the growth rate slows down, the overcapacity conflict may be exposed. The second is the risk of falling prices. Chen Quanxun said that it is expected that the demand for non-ferrous metals in the international market will continue to grow in 2012, and the average annual price of major non-ferrous metal varieties has dropped from last year. Demand for major non-ferrous metals in the domestic market will continue to grow, but will fall slightly compared to the increase in the previous year. The average annual price of major non-ferrous metals is slightly lower than the previous year's level, and its price trend is basically consistent with the international market.

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