| "Facing the financial crisis, non-ferrous metals industry, | | | | aluminum, lead, zinc and other metals industries, a |
| the industry looked forward to the revitalization plan | | | | number of important strategic restructuring. Speeding |
| introduced at an early date." Recently, Zhang Xiaojun, | | | | up the Aluminum Corporation, Jiangxi Copper, |
| general manager of Chinalco president's Office told | | | | Tongling Nonferrous, Daye Nonferrous, Jinchuan |
| reporters. Following the State Council executive | | | | Group and other major domestic copper between |
| meeting examined and approved in principle the | | | | enterprises restructuring; to the aluminum core, |
| automobile industry and steel industry, after | | | | through the restructuring of the industry further |
| adjustment of the revitalization plan, as with the | | | | enhance the aluminum industry concentration. Support |
| infrastructure and manufacturing sectors closely | | | | Gold Lingnan, Guangxi Nonferrous, Yunnan |
| related to the revitalization plan almost certain | | | | Metallurgical Group, Hunan Nonferrous Metals Holding |
| non-ferrous metals industries. February 11 "China's | | | | Group, silver companies, the integration of color in |
| Sankei Shimbun" reporter by the Department learned | | | | the region, respectively, lead and zinc mining |
| from a source with the steel and automobile industry | | | | company. On this basis, further the formation of |
| revitalization plan is similar to the revitalization of | | | | larger enterprise groups. |
| non-ferrous metal industry, the focus also include | | | | Non-ferrous metals analyst at First Capital Securities |
| strategies to accelerate industrial restructuring, | | | | giant Guoxian that industry leaders can use this |
| enhance independent innovation capability and | | | | opportunity for the revitalization plan and related |
| vigorously develop the circular a few aspects of | | | | supporting, bigger and stronger through mergers and |
| economic and other. | | | | acquisitions to solve the problem. Now is the best |
| Three aspects of deep-seated problems demanding | | | | opportunity for industry consolidation. From the |
| prompt solution | | | | market mechanism in terms of self-development, |
| This reporter has learned that China's current | | | | corporate merger and reorganization will naturally |
| non-ferrous metal industry is mainly of the following | | | | occur, a considerable number of small enterprises will |
| deep-rooted problems must be resolved. First, the | | | | be eliminated. |
| excess capacity; second, intensive industries are not | | | | As for the elimination of backward production |
| highly integrated enterprise strength of the weak; | | | | capacity, in recent years, countries have been |
| third, high dependence on foreign raw materials, the | | | | progressively implemented. But the pace slightly too |
| lack of international pricing right to speak. | | | | slow. Metal industry analysts Zhangzhi Zhou pointed |
| With aluminum, for example, excess production | | | | out that currently, industrial revitalization planning |
| capacity of 350 million tons, backward production | | | | should be introduced more specific measures, forced |
| capacity has not been fully eliminated, there are a | | | | out rewards and punishments in parallel. On the one |
| number of projects under construction is about to | | | | hand improve the technical indicators, on the one |
| create one million tons capacity. By the financial crisis, | | | | hand to develop a better exit mechanism, such as to |
| copper, aluminum, lead, zinc, nickel and other major | | | | be out of business a certain degree of financial |
| non-ferrous metal manufacturing enterprises are | | | | subsidies, such as the backward production capacity |
| facing consumer spending is shrinking, demand | | | | with the replacement of advanced capacity. |
| sluggish product prices to drop sharply, inventories | | | | Industry rebound until the second quarter after the |
| increased rapidly expanding range of cut-off cut, | | | | For the 2009 non-ferrous metal industry trends, Bank |
| benefits of serious decline, liquidity is extremely | | | | Securities analysts believe the overall situation in 2009 |
| tense, the passive situation of production and | | | | will not be very good, even if the warming is also the |
| management difficulties. | | | | initial pick up, will not be price spikes. Signs of |
| It is widely believed that if countries do not take | | | | recovery at least until the second quarter, even after |
| effective measures to reverse the unfavorable | | | | the second quarter to show an overall perspective, it |
| situation, the expected first half of 2009 non-ferrous | | | | should be running at the bottom of the first period of |
| metals industry, the situation will be more difficult, a | | | | time, then there appears the initial warming situation. |
| considerable number of key enterprises in the | | | | Development and Reform Commission held in the |
| production of non-ferrous metals will be difficult to | | | | nonferrous metals industry, the preparation of the |
| sustain. | | | | revitalization of the planning seminar, participants are |
| Non-ferrous metals industry to speed up the | | | | mostly that: Industrial Development planning must be |
| strategic restructuring of | | | | treated differently, there is pressure to maintain and |
| Non-ferrous metals industries to revive plan to | | | | should not be engaging in "GSP." To increase in line |
| promote enterprise mergers and reorganizations, and | | | | with national industrial policies and investment system |
| enhance industrial concentration, eliminating the | | | | reform regulations, which represent advanced |
| backward, the rational allocation of resources as a | | | | productive forces, support for large-scale backbone |
| main focus. | | | | enterprises, embodying keep pressure focused |
| This reporter has learned that the Government will | | | | policy-oriented, and as soon as possible measures |
| introduce specific measures to speed up the copper, | | | | were implemented. |