Core Insights - The non-ferrous metal industry in China is experiencing reasonable growth, with fixed asset investment increasing by over 10% [1][5] - In May, the industrial added value of the non-ferrous metal industry grew by 7.7% year-on-year, with a cumulative growth of 7.0% from January to May [1][4] - The production of ten types of non-ferrous metals reached 6.827 million tons in May, marking a 2.9% year-on-year increase [4] Industry Performance - The added value of the non-ferrous metal mining sector grew by 5.1% in May, while the smelting and rolling processing sector saw an 8.1% increase [1] - From January to May, the mining sector's growth was 6.3%, slightly narrowing from the previous month, while the smelting and rolling sector's growth was 7.1%, expanding by 0.2 percentage points [1] Production Data - The production of primary aluminum (electrolytic aluminum) in May was 3.828 million tons, reflecting a 5.0% increase [4] - Cumulatively, from January to May, the production of ten non-ferrous metals reached 33.404 million tons, with a year-on-year growth of 2.8% [4] Investment Trends - Nationally, fixed asset investment in the industrial sector grew by 11.6%, while investment in the non-ferrous metal industry surged by 19.9%, exceeding the national average by 8.3 percentage points [5][6] - Investment in the non-ferrous metal mining sector increased by 44.0%, and the smelting and rolling processing sector saw a 14.3% rise [5]