The balance of supply and demand in the non-ferrous industry has always been the focus of the industry. In recent years due to the extensive growth strategy led to overcapacity in some enterprises, oversupply, the overall decline in metal prices. Since November 2015, the joint production cuts of zinc, nickel, copper, aluminum and rare earths have been announced in the first quarter of 2015. The data of the first quarter shows that the production cut-off effect has become obvious.

From the demand side, due to the non-ferrous metals in many industries upstream, in the context of steady and sustained economic development, the future demand should not be underestimated. Especially in the area of ​​copper consumption, there are many new growth highlights.

New Energy Development Drives Copper Consumption

Copper consumption and economic growth remain highly positive correlation. Although China's economy is in L-shaped growth, L-type growth does not mean no growth. In the future, China's overall economic performance will be stable with neither a strong rally nor obvious stalling. Therefore, the consumption of copper will continue to grow.

Analysis, electric vehicles, solar photovoltaic and renewable energy, these governments are vigorously promoting energy-saving emission reduction policies and new energy applications, will be China's future application of the main areas of copper.

Copper is an irreplaceable material for the development of renewable energy. Whether it's solar, wind or hydropower, efficient renewable energy relies on copper to transport the electricity it produces, which allows for higher efficiency and less environmental impact. Some organizations predict that the development and utilization of global renewable energy will lead to blowout of copper demand.

In addition, new energy vehicles will also drive copper consumption growth. Demand for copper from new energy vehicles has increased due to the use of more power systems than conventional vehicles. According to the statistics of the International Copper Association, the amount of copper used in hybrid cars is about 40 kg / car; that of electric vehicles is slightly more, about 80 kg / car. New energy vehicles is the national "13th Five-Year" focus. In May 2015, the "Made in China 2025" promulgated by the State Council made it clear that by 2020, the sales volume of new energy vehicles is expected to exceed 1 million. According to the current development trend, it is estimated that by 2020, the sales volume of China's new energy steam will be about 1.4 million vehicles, at least 56,000 tons of copper will be used, which will be 220% -530% higher than that of the conventional automobile. Rail communications cable area will usher in a new round of consumer peak. During the "13th Five-Year Plan" period, the mileage of high-speed railways will reach 30,000 kilometers. The new high-speed rail mileage will reach 11,000 kilometers in the next five years, at least 89,000 tons of copper will be required.

In addition to China, the rapid development of many emerging countries has also led to an increase in global copper demand. Most of the "Belt and Road" along the route are emerging economies and developing countries, and are generally in a rising period of economic development. The laying of its power, railways and other facilities will bring a lot of copper demand, especially in Northeast Asia, Europe and other copper consumption potential.

JAC advantage of leading enterprises highlighted

According to Aetna Copper Market Analysis Report 2015, China is still the country with the most copper demand. The demand for copper concentrate will maintain steady growth in the future.

As the largest listed company in the copper industry in the Mainland, Jiangxi Copper has a complete industrial chain of exploration, mining, smelting and processing in copper and related non-ferrous metals. Its copper resources are the largest in the country.

On the cost advantage, JCC has the highest self-sufficiency rate of copper concentrates in the industry, thus achieving a higher gross profit margin. In mining, election, metallurgical sectors have a cost advantage. Its owned Dexing Copper Mine is the largest copper mine in the country; Guixi Smelter is the largest single smelter in the world.

At the 13th Shanghai Derivatives Market Forum recently held, Jiangxi Copper Wu Yoneng, deputy general manager, said that Jiangxi Copper focuses on reducing costs and increasing efficiency and improving efficiency. As of 2015, a total of 942 patents were granted, While making full use of resources, we must also increase productivity and product quality so as to keep the cost at a relatively low level.

As a veteran enterprise, Jiangxi Copper uses its own resources to reduce its operating costs reasonably and lay a solid foundation for the long-term development of the Company. At the same time, Jiangxi Copper also helps the company successfully pass the trough of the industry in recent years. In 2015, almost all the industry losses, the company remained profitable. The first quarter of 2016 more achievement growth, net profit increased 49.27%. In the context of the industry warmer, its future prospects for the future.

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