Non-ferrous metals industry ferocious gains

Recently, the non-ferrous metals have gained momentum. The three quarterly reports released by China Aluminum show that the company’s third-quarter loss was 118 million yuan, and it is expected to be profitable throughout the year.

China Aluminum is China's largest producer of alumina and primary aluminum, the world’s second largest alumina producer and the third largest primary aluminum producer. As of the first three quarters, the company’s total assets reached 139.9 billion yuan. From July to September this year, the company had a loss of 118 million yuan, while the net profit in the first half of the year was 530 million yuan.

China Aluminum's three quarterly report shows that the electrolytic aluminum industry has not taken a sharp rebound. Since the beginning of this year, Lun Aluminum's price has shown a two-dip turbulence, with a maximum of US$2,500/ton and a minimum of US$1800/ton. According to the relevant personages of the China Nonferrous Metals Association, at present, among the non-ferrous metals, the supply of aluminum is the most relaxed, tin is the most tight, and the balance is relatively balanced; however, the price of non-ferrous metals is more affected by the depreciation of the US dollar. Since the National Day, non-ferrous metals in the international market have risen sharply. This is the reason.