"In the first quarter of this year, China's non-ferrous metal industry continued to maintain the steady development trend since last year, with a good start to the industry's operation, achieving good results such as production growth, accelerated investment, active import and export, rising and falling prices of major products, a year-on-year increase of 30% in enterprise profits, and a net increase of 15.5 billion yuan in total profits. This indirectly illustrates the overall development of China's economy." At the press conference on the economic operation of the non-ferrous metal industry in the first quarter of 2024, Chen Xuesen, Vice President of the China Nonferrous Metals Industry Association, said. In the first quarter, the growth momentum of non-ferrous metal production was stable. The industrial added value of non-ferrous metal enterprises above designated size increased by 11.4% year-on-year, which is 5.3 percentage points higher than the national industrial added value growth rate in the first quarter. Among them, mining and selection enterprises increased by 7.4%, and smelting and processing enterprises increased by 12.0%. Non ferrous metal fixed assets investment grew rapidly, and the growth rate of private investment recovered significantly. In the first quarter, the nonferrous metal industry completed a 21% year-on-year increase in fixed assets investment, of which nonferrous metal private fixed assets investment increased by 15.3% year-on-year. Peng Bo, Director of the Information Statistics Department of the China Nonferrous Metals Industry Association, believes that since the fourth quarter of last year, China's overall economic development has improved, providing a good development environment for the non-ferrous metals industry. The continuous efforts of policies have promoted the growth of enterprise production. With the steady recovery of the economy and industrial iteration and upgrading, some high value-added and high-tech non-ferrous metal products have gradually become the mainstream of the market, promoting enterprise technological innovation and product upgrading. This kind of industrial upgrading and structural adjustment provides more development opportunities and space for enterprises. Peng Bo believes that the non-ferrous metal industry has made accelerating the development of new quality productivity a key focus to promote high-quality development of the industry, and has achieved positive results. At the same time, with the accelerated digital transformation of the industry, the product quality and production efficiency of industry enterprises have been improved. Under the trend of global green and intelligent development, non-ferrous metals, as the main supporting material, have attracted much attention to their market demand potential. New energy metal materials have maintained rapid growth, and conventional non-ferrous metal varieties have also shown strong market demand expectations. The industry's profitability continues to increase, attracting more private capital. In the first quarter, the prices of major non-ferrous metal products in the market increased and decreased. The prices of copper, aluminum, and lead in the domestic spot market increased, while the prices of zinc, industrial silicon, and battery grade lithium carbonate decreased. However, the total profits of large-scale non-ferrous metal enterprises significantly increased. In the first quarter, non-ferrous metal industrial enterprises above designated size achieved a revenue of 1910.012 billion yuan, a year-on-year increase of 9.4%; Realized a total profit of 67.23 billion yuan, a year-on-year increase of 30.4%; The revenue profit margin is 3.5%, an increase of 0.6 percentage points from the same period last year; The asset profit margin is 4.6%, an increase of 0.8 percentage points from the same period last year. Analysis suggests that in recent times, the tight supply chain has led to limited raw material supply, resulting in sustained high prices of non-ferrous metals such as copper and aluminum. The rapid rise in prices has brought significant profit growth opportunities to the industry. The effectiveness of the supply side reform of electrolytic aluminum continues to be evident. In the first quarter of this year, the profits of non-ferrous metal smelting enterprises significantly increased, with a year-on-year growth of 77.8%, which is driving the overall profit growth