SunSirs: China Issues Growth Stabilization Plan for Nonferrous Metals Industry (2025–2026)

On September 28, 2025, multiple Chinese government departments jointly issued the Growth Stabilization Plan for the Nonferrous Metals Industry (2025–2026). This marks the Chinese government's strategic adjustment to the nonferrous metals sector amid global economic uncertainties and domestic overcapacity pressures.

As the world's largest producer of non-ferrous metals, China has expanded capacity through large-scale investments in recent years. The plan aims to achieve an average annual growth target of 5% through innovation and investment.

The core of the plan is to promote high-quality development in the non-ferrous metals sector, emphasizing capacity control, structural optimization, and innovation-driven growth, while focusing on optimizing the entire industrial chain.

The product categories covered are diverse, spanning base metals, high-end materials, and related extended fields. Key classifications include:

These products are widely used in new energy vehicles, electronic devices, infrastructure, and defense sectors. The plan specifically emphasizes the complete chain from mining to processing and application, enhancing added value through technological innovation. For instance, it strengthens strategic reserves in rare earths to address global dependency.

From a domestic perspective, the plan is projected to drive an average annual 5% growth in industry value-added. It aims to alleviate overcapacity pressures through green transformation and innovation, support downstream sectors like electric vehicles, and boost employment and economic growth.

International media note that China's significant reduction in key metal growth targets signals a policy shift from expansion to high-quality growth. This move helps stabilize global markets and reflects a transition from quantity-driven growth to quality-driven development.

In summary, the plan is expected to inject new vitality into China's industrial sector and influence the global non-ferrous metals landscape.

As an integrated internet platform providing benchmark prices, on October 14, the benchmark copper price on SunSirs was 85,103.33 RMB/ton, up 2.36% from the beginning of the month (83,143.33 RMB/ton).

On October 15, the benchmark aluminum price on SunSirs was 20,913.33 RMB/ton, up 0.87% from the beginning of the month (20,733.33 RMB/ton).

On October 15, the benchmark lead price on SunSirs was 16,925.00 RMB/ton, up 0.45% from the beginning of the month (16,850.00 RMB/ton).

On October 15, the benchmark zinc price on SunSirs was 22,198.00 RMB/ton, up 1.71% from the beginning of the month (21,824.00 RMB/ton).

On October 15th, the benchmark nickel price on SunSirs was 122,200.00 RMB/ton, down 0.24% from 122,500.00 RMB/ton at the beginning of the month.

On October 15th, the benchmark tin price on SunSirs was 282,360.00 RMB/ton, up 1.55% from 278,040.00 RMB/ton at the beginning of the month.

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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