Companies in China's non-ferrous metal industry are likely to see their combined profits climb 20 percent year-on-year to 200 billion yuan (about $30 billion) in the first six months, according to industry estimates.
On April 28, CNIA held a press conference on the economic operation of non-ferrous metals industry in the first quarter in the form of video. Jia Mingxing, member of the Standing Committee of the Party committee and vice president of CNIA, said that at present, the lithium prices has been away from the fundamentals and hopes it can return to the industry itself. In terms of supply and demand, we still need to do some work. We hope to increase investment in scientific and technological innovation in resource exploitation and make supply more abundant.
BEIJING, May 4 (Xinhua) Companies in China non-ferrous metal industry are likely to see their combined profits climb 20 percent year on year to 200 billion y