From January to October, the value added, product output, and fixed asset investment in the non-ferrous metal industry have continued to increase.
According to the information statistics department of the China Nonferrous Metals Industry Association, the nonferrous metals industry has overall maintained a reasonable growth in production, and fixed asset investment has remained stable. In October, the value added of the nonferrous metals industry above designated size increased by 4.0% year-on-year; from January to October, the value added of the nonferrous metals industry above designated size increased by 7.4% year-on-year, a decrease of 0.4 percentage points compared to the previous three quarters, and 1.3 percentage points higher than the increase in value added of the industrial enterprises above designated size.
Looking at the industries, in October, the value added of the nonferrous metal ore mining and dressing industry increased by 6.2% year-on-year, and the nonferrous metal smelting and processing industry grew by 3.7%; from January to October, the nonferrous metal ore mining and dressing industry grew by 7.7%, a decrease of 0.2 percentage points compared to the previous three quarters, and the nonferrous metal smelting and processing industry grew by 7.3%, a decrease of 0.5 percentage points compared to the previous three quarters.
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