China Nonferrous Metals Market

- Jun 12, 2019-

Last year, the situation of China's non-ferrous metals market improved significantly, and economic efficiency rebounded sharply.

From the perspective of the global economic environment, the world economy accelerated in the fourth quarter of 2016, and this momentum continued in 2017. According to the IMF's World Economic Outlook report in October 2017, the rebound in global economic activity continues to increase. From the perspective of the domestic economy, the overall trend of the domestic economic operation has not changed. In particular, the results of structural reforms on the supply side have already begun to appear, and structural adjustments have undergone positive changes. It is also worth noting that the steady progress of the “Belt and Road” will also promote the economic development of countries along the route. In short, the external environment is gradually improving, which will drive the consumption of related basic raw materials. At the same time, environmental protection pressures have become increasingly prominent. China's sustainable development has been upgraded to a new level of green development, and the focus of development is shifting from economies of scale to quality and environmental benefits.