China's non-ferrous metal production slows in 2012
Updated: 2013-02-17 14:43
(Xinhua)
|
||||||||
BEIJING -- China's non-ferrous metal production expanded at a slower pace last year compared with a year earlier, according to new data.
The Ministry of Industry and Information Technology, or MIIT, said in a statement issued on Saturday that total production of 10 kinds of non-ferrous metals grew 9.3 percent year-on-year to 36.91 million metric tons in 2012, down 1.3 percentage points from a year earlier.
A total of 8,057 major non-ferrous metal producers tracked by the ministry cumulatively saw their profits decline 8.9 percent to 155.8 billion yuan ($24.81 billion), the statement said.
The MIIT explained that the sector was confronted with excessive production capacity, rising production costs and weak market demands in China and the rest of the world.
It forecast that the sector's total production will continue to grow at a moderate pace this year, and there is still no sufficient impetus to support strong rebounds in market demand due to faltering economic recovery around the world.
China's economy grew by 7.8 percent year-on-year in 2012, the slowest growth rate since 1999, according to the National Bureau of Statistics.
- Stocks hit four-month high
- Jan-Sept non-ferrous metals output up 7.1%
- Major nonferrous metals output reports slower growth
- Output of recycled nonferrous metals up
- Overseas focus remains key for nonferrous metals
- Nonferrous metals output growth slows
- China tops world's magnesium output
- China Nonferrous Mining plans HK IPO
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |