The price of nonferrous metals will grow on the background of the political course of China
The global market of nonferrous metals, beginning with
During the Congress of the Chinese Communist party has shown the willingness and desire of the government to bring the national economy to a leading position. The authorities promise that China will be able to take first place among the world leaders by 2050. Also voiced the intention to significantly improve the environment of China. In September industrial production figures on an annual basis rose by 6.6%. Increased investments to fixed assets. The increase for the nine-month period was 7.5%.
Presumably the demand from China will continue to grow. Accordingly, by reducing the domestic supply will start to increase volumes of import. The greatest changes in connection with the situation has undergone the cost of copper, zinc and aluminum. According to statistics, the elaboration of ten metals to China — including copper, lead, Nickel and zinc in September in annual terms, decreased by 3.1%. The average is 4.44 million tons. Production volume in the current year increased by 4.1% relative to 2016.