On August 19, 2010, the Ministry of Industry and Information Technology released the revised "Provisional Measures for the Administration of Admission Notice of Smelting Enterprises" of the copper, lead and zinc industry, emphasizing that the construction projects must pass the acceptance check for environmental protection and must not be left behind as required. , technology, equipment and products. According to the Ministry of Industry and Information Technology, companies that enter the announcement list will be ordered to rectify their deadlines if they have greater production safety and environmental pollution accidents, or have major environmental violations; rectification failures will cancel their announcement qualifications.
“The listed companies have strong control over environmental acceptance and elimination of backward production capacity. The new approach has strengthened the barriers for entry into the entire non-ferrous industry.†Luo Renyuan, analyst at Nonferrous Metals, Industrial Group, and Zhongjin, a lead and zinc smelter Lingnan and Chihong Zinc Storage, Jiangxi Copper Industry, Yunnan Copper Industry and Tongling Nonferrous Metals in the Copper Smelting Industry. These listed companies have great advantages in energy saving and environmental protection technologies and inputs, eliminating backward production capacity and improving environmental protection requirements. It is conducive to the long-term development of the industry.
Luo Renyuan believes that in the second half of the year, the performance of listed companies in the non-ferrous metals industry will increase more than the second quarter of this year. Although the price of large metals is greatly affected by international factors, the steady growth of the domestic economy will continue to drive up the demand for non-ferrous metals. In the short term, the price of metals keeps a certain degree of optimism.