国家统计局数据显示，上半年有色金属工业增加值同比增长7.6%，较工业平均增加值增速高出1.2个百 分点。精炼铜、电解铝是拉动10种常用有色金属增长的主要动因。细分产品来看，精炼铜产量736.3万 吨，同比增长9.5%；电解铝产量2237.9万吨，同比增长3.3%。 政策支持有力，发展环境良好，有色金属工业在稳增长及新兴产业扶持政策与市场需求双重驱动下，增 长动力强劲，民间资本活跃度提升，整体稳中向好。 产业结构不断优化，新兴领域发力明显。据了解，上半年，有色金属矿采选业投资增速达46.5%，投资 向产业链上游资源端与新能源等新兴应用领域倾斜，行业加速向高端化、绿色化转型，顺应市场需求的 投资结构调整成效显著。 国际竞争力提升，资源保障加强。通过加强国际合作，我国有色金属企业积极参与国际标准制定、建立 碳足迹计算模型、开展绿电铝产品评价，有效破解绿色贸易壁垒。 "预计全年有色金属工业增加值增幅在5%左右，10种常用有色金属产量同比增幅为2%至3%。铜、铝等 常用有色金属价格维持高位震荡，工业硅、碳酸锂价格仍维持底部徘徊。规上有色金属企业收入、利润 有望保持增长。"陈学森说。 （文章来源：经济日报） "生产保持合 ...

（文章来源：证券时报） ...

工业和信息化部数据显示，今年上半年，有色金属工业增加值同比增长7.6%，较工业平均增加值增速 高出1.2个百分点，与此同时，行业绿色低碳水平也大幅提升。 ...

5月23日，在上期所与中国有色金属工业协会共同举办的"上衍有色论坛"上，上期所副总经理张铭介 绍，2024年，在"新三样"、"两新"等政策提振下，我国有色金属工业十种有色金属产量同比增长4.3%达 7919万吨，固定资产投资同比增长24.7%，对外贸易增幅明显，有色金属进出口贸易总额同比增长 11.4%达3687.9亿美元，贸易结构持续优化。规模以上有色企业利润总额同比增长15.6%超4200亿元。 ...

Core Viewpoint - The non-ferrous metal industry in China demonstrated strong resilience in the first quarter of the year, with production and profits showing positive growth despite a complex environment [1][2] Group 1: Production and Trade - The production of ten non-ferrous metals reached 19.85 million tons in the first quarter, representing a year-on-year increase of 2% [1] - Refined copper production was 3.536 million tons, and electrolytic aluminum production was 11.066 million tons, with year-on-year growth of 5% and 3.2% respectively [1] - The total import volume of copper ore and its concentrates was 7.108 million tons, reflecting a year-on-year increase of 1.8% [1] Group 2: Financial Performance - The revenue of large-scale non-ferrous metal enterprises reached 2.22933 trillion yuan, marking a year-on-year increase of 19.6% [2] - The total profit amounted to 91.77 billion yuan, which is a year-on-year growth of 40.7% [2] Group 3: Market Trends - The prices of most non-ferrous metals continued to rise, with average prices for copper, aluminum, lead, and zinc increasing by 11.4%, 7.3%, 5.9%, and 14.8% respectively year-on-year [1]

Core Viewpoint - The recent "reciprocal tariffs" imposed by the U.S. government have a limited direct impact on China's non-ferrous metal industry, despite the significant increase in tariffs on aluminum and copper products [1] Summary by Relevant Sections Impact of Tariffs - The U.S. has imposed an additional 20% tariff on all imported products from China this year, increasing the tariffs on aluminum from 10% to 25% under the "301" and "232" investigations [1] - Following the trade tensions between China and the U.S. in 2018-2019, China's exports of non-ferrous metal products to the U.S. have significantly decreased [1] Export Statistics - In 2024, China's exports of unwrought aluminum and aluminum products to the U.S. were 254,000 tons, a 62% decrease from 2017, with the export share dropping from 14.1% to 3.8% [1] - Copper exports to the U.S. now account for only 4.6% of China's total exports, indicating a substantial decline in trade volume [1] Indirect Effects - The high tariffs may indirectly affect the consumption of non-ferrous metals in downstream industries such as home appliances, consumer electronics, machinery, and light industry due to restricted exports to the U.S. [1]

4月29日，在中国有色金属工业协会组织召开的2025年一季度有色金属工业运行情况新闻发布会上，协 会政策研究室主任李宇圣表示，2018—2019年中美贸易摩擦发生以后，我国对美国有色金属产品出口已 大幅下降。2024年，我国对美国出口未锻轧铝及铝材25.4万吨，较2017年下降62%，占比由14.1%下降 至3.8%，美国已从中国最大的铝材出口目的国退至第六位；铜材向美国出口量也仅占我国出口总量的 4.6%，加上部分豁免，因此，这次"对等关税"对我国有色金属工业的直接影响有限。但在如此高额 的"对等关税"下，下游有色金属主要应用领域，如家电、消费类电子、机械装备、轻工等领域，产品出 口美国受限后，对有色金属消费带来的间接影响不可忽视。(中国有色金属报) ...

Core Insights - The Chinese non-ferrous metals industry had a strong start in the first quarter of this year, with production of ten non-ferrous metals increasing by 2% year-on-year [1] - Despite a decline in total import and export trade, key mineral product imports continued to grow, indicating resilience in the sector [1] - The market for common and new energy metals showed significant price increases, with copper, aluminum, lead, and zinc prices rising by 11.4%, 7.3%, 5.9%, and 14.8% respectively [1] Production and Trade - In the first quarter, the production of ten non-ferrous metals reached 19.85 million tons, with refined copper and electrolytic aluminum production at 3.54 million tons and 11.07 million tons, reflecting year-on-year growth of 5% and 3.2% respectively [1][2] - The total import and export trade value for non-ferrous metals was $88.38 billion, a year-on-year decrease of 8.7%, while the import volume of copper ore and its concentrates increased by 1.8% to 7.11 million tons [1] Financial Performance - Major non-ferrous metal enterprises achieved operating revenue of 2.23 trillion yuan, a year-on-year increase of 19.6%, and a total profit of 91.77 billion yuan, reflecting a year-on-year growth of 40.7% [2]