1. Production remains stable. According to the National Bureau of Statistics, the industrial added value of the non-ferrous metal industry will increase by 5.2% year-on-year in 2022, which is 1.6 percentage points higher than the industrial average. The output of ten non-ferrous metals was 67.74 million tons, a year-on-year increase of 4.3%. Among them, the output of refined copper was 11.06 million tons, a year-on-year increase of 4.5%; the output of primary aluminum was 40.21 million tons, a year-on-year increase of 4.5%.
2. The price of bulk products fluctuated in a range, and the price of lithium carbonate rose year-on-year. In 2022, the prices of bulk non-ferrous metal products will fluctuate in a range. Among them, the average spot prices of copper, aluminum, lead, and zinc will be 67,470 yuan/ton, 20,006 yuan/ton, 15,260 yuan/ton, and 25,154 yuan/ton, respectively, with a year-on-year increase of - 1.5%, 5.6%, 0.1%, 11.4%. The prices of nickel, cobalt, and battery-grade lithium carbonate rose significantly year-on-year, and the average spot prices in 2022 rose by 44.1%, 18.2%, and 301.2% year-on-year, respectively.
3. The import and export trade maintained rapid growth. In 2022, the total import and export trade volume of non-ferrous metals will be 327.3 billion US dollars, a year-on-year increase of 20.2%. In terms of imports, the import volume of copper concentrate, unwrought copper and copper products increased by 8% and 6.2% year-on-year respectively, and the import of bauxite was 125 million tons, an increase of 16.8% year-on-year. In terms of exports, the export volume and value of unwrought aluminum and aluminum products increased by 17.6% and 33.7% respectively year-on-year.
