Core Viewpoint - The "Nonferrous Metal Industry Stabilization and Growth Work Plan (2025-2026)" outlines key objectives for the industry to achieve stable growth and high-quality development in the face of external challenges [1][2]. Group 1: Industry Growth Targets - The nonferrous metal industry aims for an average annual value-added growth of around 5% from 2025 to 2026, with a 1.5% annual increase in the production of ten major nonferrous metals [2]. - The industry has seen significant improvements in operating performance, with profits exceeding 300 billion yuan annually since the 14th Five-Year Plan began, reflecting a 16.6% average annual growth [2]. Group 2: Resource Development and Innovation - The plan emphasizes efficient resource utilization and technological innovation to enhance high-end supply capabilities and create new demand [1][2]. - The Ministry of Natural Resources has announced a geological exploration investment of 115.994 billion yuan for 2024, marking four consecutive years of positive growth [2]. Group 3: Market Outlook and Production Capacity - The copper market is expected to remain in a growth cycle, driven by global supply shortages and rising copper prices, with companies like Shengtu Mining targeting a 50% increase in copper production capacity by the end of 2025 [3]. - The plan includes a focus on the strategic importance of resource recovery, aiming for a recycling metal output of over 20 million tons by 2025-2026 [5]. Group 4: Strategic Resource Recovery - Resource recovery has become a strategic priority, with a focus on the recycling of metals like copper, which has a historical recovery rate of 30% of total demand [6]. - Companies are expanding their operations to include recycling processes, with Tianqi Lithium establishing a tantalum-niobium recycling demonstration line [6]. Group 5: High-End Product Development - The industry is shifting from quantity expansion to quality enhancement, with a focus on high-end products such as high-purity gallium and solid-state battery materials [4][7]. - Companies are encouraged to collaborate on technology development and application verification to drive innovation in high-end materials [8].

有色金属行业快速发展，对我国工业经济增长提供了有力支撑，但也要看到，目前行业面临资源保障能力、高端供给水平和有效需求挖掘不足等问题。接 受记者采访的业内人士表示，行业"内卷化"竞争问题仍未缓解，过度投资的情况不仅在传统的铜冶炼、氧化铝、普通铜铝钛加工等产业不同程度存在，近 年还向锂、硅等新能源领域，以及电子铜箔等高端领域蔓延。不仅如此，由于欧盟碳边境调节机制（CBAM）、301调查，以及"关税战"等，使得行业面 临更加复杂严峻的贸易形势。 针对新情况，工作方案设置了稳增长主要目标，即2025—2026年，有色金属行业增加值年均增长5%左右，经济效益保持向好态势，十种有色金属产量年 均增长1.5%左右，铜、铝、锂等国内资源开发取得积极进展，再生金属产量突破2000万吨，高端产品供给能力不断增强，绿色低碳、数字化发展水平持 续提升。 "这既是上一轮稳增长方案的延续，也对行业高质量发展提出了新的要求。"中国有色金属工业协会党委书记、会长葛红林对记者表示，工作方案在稳增 长、促转型上下功夫，把行业质的有效提升和量的合理增长统一于高质量发展全过程，"这意味着要以高质量发展的确定性，来应对外部环境急剧变化带 来的不确定性 ...