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Recycled metal production growth plummets

(People's Daily)

16:27, October 24, 2011

Edited and translated by Zhao Guobing, People's Daily Online

For the last three quarters, China's output of main secondary nonferrous metals has reached nearly 5.9 million tons, with an expected 8 million tons of output of secondary metals for the whole year, up 3 percent year on year, according to the press conference held at the 11th Recycled Metals International Tribune. It is a significant drop compared to the average annual growth of 20 percent from 2000 to 2010.

"A widely fluctuating international price and the continued domestic tightening regulation policy are to blame for the declined output and the harsh business environment for nonferrous metal enterprises," said Wang Jiwei, Chairman of the China Nonferrous Metals Association Recycling Metal Branch. In addition, preferential policies for value-added tax rebates during the recovery link have been canceled since the beginning of this year, which also added cost to those enterprises. Wang added that due to the international copper price decline and a growing raw material price, many recycled metal firms encountered deficits in the last two months

The Nonferrous metals recycling industry can evidently increase the recycling rate of resources, which is in line with the concept of energy savings and emission reduction. For the last three quarters, the combined environmental effects of the nonferrous metals recycling industry was equal to saving 129.8 million tons of standard coal and nearly 1.1 billion cubic meters of water. China has a low per capita amount of nonferrous metals, while the consumption of secondary metals occupies only 20 percent to 30 percent of total metal consumption.

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