At present, the concentration of China's non-ferrous metals industry is too fragmented, and the reorganization of non-ferrous metal industry assets will be very large in the near future. Yesterday, Jia Mingxing, vice president of the China Nonferrous Metals Industry Association, said at the "5th Shanghai Derivatives Market Forum."
China is a world-renowned non-ferrous metal industry, but it still lacks a strong voice in the pricing of non-ferrous metals. One reason is that the concentration of non-ferrous metals industry is not high. Jia Mingxing said: "The reorganization of China's non-ferrous metals industry will be a permanent and permanent issue. Particularly in the near future, this topic will be very vigorous. Only in this way can we ensure our own interests and respond to international competition. ."
"In recent years, China's non-ferrous metals industry has also taken great actions in terms of concentration. Taking China Aluminum as an example, its main business income has increased from 9.4 billion yuan to more than 130 billion yuan, and asset restructuring has played a very important role. "Jia star said.
"Going to the sea" is a long-term strategy for many domestic non-ferrous metal industrial companies, but Jia Xing believes that this work has not made much progress before the new century. As of now, Chinalco's acquisition of 12% of Rio Tinto shares is the largest. Jia Jiaxing revealed that Minmetals and other companies are currently making great efforts abroad, and many follow-up work is underway.
He believes that compared to the international market, China's non-ferrous metals industry is lower in terms of scale, production capacity and other aspects. At present, international companies are stepping up their efforts to reorganize and integrate, and asset restructuring of domestic related companies is also gradually proceeding, but the rate is not as good as international. “The degree of concentration of China's steel industry is far less than that of foreign countries. To cope with the global economic integration trend, the iron and steel industry will also need to increase its restructuring efforts in the future. The non-ferrous metal industry is even more dispersed than the steel industry.â€
China is a world-renowned non-ferrous metal industry, but it still lacks a strong voice in the pricing of non-ferrous metals. One reason is that the concentration of non-ferrous metals industry is not high. Jia Mingxing said: "The reorganization of China's non-ferrous metals industry will be a permanent and permanent issue. Particularly in the near future, this topic will be very vigorous. Only in this way can we ensure our own interests and respond to international competition. ."
"In recent years, China's non-ferrous metals industry has also taken great actions in terms of concentration. Taking China Aluminum as an example, its main business income has increased from 9.4 billion yuan to more than 130 billion yuan, and asset restructuring has played a very important role. "Jia star said.
"Going to the sea" is a long-term strategy for many domestic non-ferrous metal industrial companies, but Jia Xing believes that this work has not made much progress before the new century. As of now, Chinalco's acquisition of 12% of Rio Tinto shares is the largest. Jia Jiaxing revealed that Minmetals and other companies are currently making great efforts abroad, and many follow-up work is underway.
He believes that compared to the international market, China's non-ferrous metals industry is lower in terms of scale, production capacity and other aspects. At present, international companies are stepping up their efforts to reorganize and integrate, and asset restructuring of domestic related companies is also gradually proceeding, but the rate is not as good as international. “The degree of concentration of China's steel industry is far less than that of foreign countries. To cope with the global economic integration trend, the iron and steel industry will also need to increase its restructuring efforts in the future. The non-ferrous metal industry is even more dispersed than the steel industry.â€
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