Dear leaders and comrades:
Good morning!
It is a great pleasure to witness together with all of you the listing of the first recycled metal product of the Shanghai Futures Exchange - casting aluminum alloy futures and options. This is a milestone event for China's recycled metal industry and the latest achievement of promoting the full coverage of non-ferrous metal futures varieties through the integration of industry and finance!
Here, on behalf of the China Nonferrous Metals Industry Association, I would like to extend my warmest congratulations on the launch of this variety! We sincerely thank the Shanghai Futures Exchange for its long-term protection and support for the healthy development of the non-ferrous metals industry!
Non-ferrous metals play a crucial role in ensuring the development of the national economy, especially in the development of strategic emerging industries such as the "new three items" and artificial intelligence.
Since the 14th Five-Year Plan, the non-ferrous metals industry has earnestly implemented the decisions and plans of the Central Committee of the Communist Party of China and The State Council, fully implemented the new development concepts, maintained a positive and upward development trend continuously, and maintained a comparative advantage in competition with Western countries. Its output accounts for more than 60% of the global total.
From January to April this year, the output of ten kinds of non-ferrous metals reached 26.6 million tons, increasing by 2.3% year-on-year. The growth rate of added value of the non-ferrous metal industry above designated size increased by 7.4% year-on-year. Fixed asset investment increased by 20.7% compared with the same period last year, with the growth rate exceeding that of the national industrial investment by 9 percentage points. Non-ferrous metal industrial enterprises above designated size achieved operating income of 3.09 trillion yuan, increasing by 18.0% year-on-year. The total profit reached 128.17 billion yuan, increasing by 30.3% year-on-year, injecting strong impetus into the country's macroeconomic development.
Recycled non-ferrous metals are a key force in ensuring the security of non-ferrous metal resources in China and even globally and promoting green and low-carbon transformation. In 2024, the output of recycled copper, aluminum, lead and zinc in China reached 19.15 million tons, accounting for 24% of the output of ten non-ferrous metals, and reducing carbon dioxide emissions by 170 million tons. Among them, the output of recycled aluminum has exceeded 10 million tons, and its contribution rate to carbon reduction has surpassed 85%, making it a key area for green, low-carbon and circular development.
Today, the listing of futures and options for cast aluminum alloys is of great significance for enhancing the international influence of China's aluminum industry, helping the industry build a complete risk management system, meeting the diversified risk management needs of enterprises, and promoting the high-quality development of recycled aluminum. The association will encourage and guide enterprises to actively participate in futures trading, make good use of futures tools and do a good job in risk control.
Over the years, the association has carried out fruitful cooperation with the Shanghai Futures Exchange in areas such as product innovation, standard setting, industry training, market services, and the construction of green supply chains for non-ferrous metal futures. Looking to the future, we look forward to continuing to join hands with the Shanghai Futures Exchange to jointly create a new situation of "futures and spot linkage, industry and finance integration, and mutual promotion of development", and promote the high-quality development of the non-ferrous metals industry.
Finally, I wish the listing of the casting aluminum alloy futures a complete success. Thank you all!
