05 AUGUST 2011chinadaily.com.cn
Nonferrous self-sufficiency rate set to increase by 2015
Edited by : AL CIRCLE
1 min read
China plans to raise its self-sufficiency in nonferrous metals by stepping up domestic exploration and overseas acquisitions during the 12th Five-Year Plan (2011-2015), said an industry official on Thursday.
Jiang Mingxing, vice-chairman and secretary-general of the China Nonferrous Metals Industry Association (CNMIA), said companies in the sector want greater control over upstream resources and higher profits.
Kang Yi, former chairman of the CNMIA, previously told China Daily that the nation's self-sufficiency rates for copper would reach 55 percent and aluminum would be 75 percent, during the plan period.
Jiang Mingxing, vice-chairman and secretary-general of the China Nonferrous Metals Industry Association (CNMIA), said companies in the sector want greater control over upstream resources and higher profits.
Kang Yi, former chairman of the CNMIA, previously told China Daily that the nation's self-sufficiency rates for copper would reach 55 percent and aluminum would be 75 percent, during the plan period.
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