China Slashes Key Metals Growth Target Amid Overcapacity Curbs

Group 1 - China has reduced its annual output growth target for key non-ferrous metals to an average of 1.5% for 2025 and 2026, down from a previous target of 5% [1][2] - This shift reflects Beijing's focus on industry upgrades, decarbonization, and controlling oversupply in the non-ferrous metals sector [2][3] - The government aims to increase annual secondary metal output to exceed 20 million tons by 2026, emphasizing recycling and the reuse of waste materials [3] Group 2 - The roadmap includes goals for breakthroughs in high-end products such as ultra-high purity metals and advanced rare earth materials [3] - Chinese metals producers saw a rise in share prices, with Jiangxi Copper Co. and Aluminum Corp of China Ltd. both gaining over 5% [4]