"Since the beginning of this year, the operation of the nonferrous metal industry has shown a steady and good momentum, and the profits of nonferrous metal enterprises above designated size in a single month have shown signs of recovery. It is expected that the nonferrous metal production in the fourth quarter will generally maintain a steady growth trend." Chen Xuesen, member of the Standing Committee of the Party Committee and vice chairman of the China Nonferrous Metals Industry Association, said on the 28th in the news release on the economic operation of the nonferrous metal industry in the third quarter. According to Chen Xuesen, in the third quarter, the output of ten non-ferrous metals was 17 million tons, up 2.0% month on month and 6.5% year on year; The metal quantity of six kinds of concentrates was 1.71 million tons, up 4.1% month on month and 4.2% year on year. In the first three quarters, the output of ten commonly used non-ferrous metals was 49.83 million tons, an increase of 2.8% over the same period last year; The amount of metal in the six kinds of concentrates was 4.79 million tons, an increase of 2.0% over the same period last year and 1.2 percentage points higher than that in the first half of the year. In terms of industrial added value, in the third quarter, the industrial added value of nonferrous metal enterprises above designated size increased by 4.7% over the same period last year, of which mining and dressing enterprises increased by 5.7% and smelting and processing enterprises increased by 4.5%. In the first three quarters, the industrial added value of non-ferrous metal enterprises above designated size increased by 4.8% over the same period last year, 0.9 percentage points higher than the national industrial added value, of which mining and dressing enterprises increased by 8.3% and smelting and processing enterprises increased by 4.3%. In terms of fixed asset investment, in the first three quarters, the non-ferrous metal industry completed a 14.5% year-on-year increase in fixed asset investment, 3.6 percentage points higher than the first half of the year, and 5.7 percentage points higher than the same period in 2021. Among them, the investment in fixed assets completed by mining and dressing increased by 18%; The investment in fixed assets completed by smelting and calendering increased by 13.9%. In terms of import and export trade, in the third quarter, the total import and export trade of non-ferrous metals (including gold trade) was US $86.5 billion, up 31.4% year on year, including US $72.3 billion, up 33.8%; The export volume was US $14.2 billion, up 23.2%. In terms of prices, the prices of major non-ferrous metals showed a bottoming trend. In the third quarter, the average copper price in the domestic spot market was 60974.0 yuan/ton, down 15.3% month on month and 12.4% year on year. On a monthly basis, the average domestic spot copper price fell to 58256 yuan/ton in July, and fell back to 62325 yuan/ton and 62342 yuan/ton in August and September respectively. "Affected by this, the profit of non ferrous metal enterprises above designated size in a single month showed signs of recovery." Chen Xuesen said that in the third quarter, the profit of non ferrous metal industrial enterprises above designated size was 48.8 billion yuan, down 49.4% month on month and 51.7% year on year. On a monthly basis, the profits of nonferrous metal industrial enterprises above designated size in August and September showed signs of recovery. Taking Chinalco as an example, in the first three quarters, Chinalco achieved an operating income of 206.072 billion yuan, a year-on-year increase; The total profit was 8.368 billion yuan, and the net profit was 6.997 billion yuan; The net operating cash inflow was 19.36 billion yuan. Speaking of the economic environment faced by the nonferrous industry, Chen Xuesen said that from a global perspective, the downward pressure on the economy increased in the fourth quarter. from