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Commodities

China to limit non-ferrous metals production

Shang Fushan, vice chairman of the China Nonferrous Metals Industry Association, said that China plans to restrict the production of 10 types of non-ferrous metals by 2015, state media reported. The combined annual output for the selected metals will be capped at approximately 41 million tons. The industry association reckons annual "apparent" consumption of aluminum, copper, lead and zinc to reach 43.8 million tons during the same period. Aluminium consumption is predicted to reach 24 million metric tons, copper to be 8.3 million metric tons, lead to reach 5 million metric tons, and zinc to be 6.5 million metric tons.

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