有色金属行业效益稳步增长

Core Viewpoint - The non-ferrous metal industry in China demonstrated resilience and vitality in Q1 2025, with significant revenue and profit growth driven by high metal prices and increased market demand [1][2]. Group 1: Industry Performance - In Q1 2025, the revenue of large-scale non-ferrous metal enterprises reached 22,293.3 billion yuan, a year-on-year increase of 19.6%, while total profit amounted to 917.7 billion yuan, up 40.7% year-on-year [1]. - The average prices of major non-ferrous metals showed an upward trend, with copper averaging 77,222 yuan/ton (up 11.4%), aluminum at 20,449 yuan/ton (up 7.3%), lead at 17,067 yuan/ton (up 5.9%), and zinc at 24,020 yuan/ton (up 14.8%) [1][2]. - The industry maintained a stable growth in production, with the output of ten non-ferrous metals reaching 19.85 million tons, a year-on-year increase of 2.0% [2]. Group 2: Investment and Demand - Fixed asset investment in the non-ferrous metal industry grew by 21.6% year-on-year, surpassing the national industrial investment growth by 9.6 percentage points [3]. - The demand for non-ferrous metals is being driven by the growth of industries such as new energy, electric vehicles, and strategic emerging industries [2]. - The industry is expected to maintain a growth rate of around 6% in added value in the first half of 2025, supported by national policies and market demand [3].