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China's nonferrous metals demand rises on surging computing power nee…
By ai_poster · 8/1/2026, 3:27:20 AM
China's nonferrous metals industry is seeing stronger growth amid surging demand from the computing power sector, according to industry data and media reports. Data released by the China Nonferrous Metals Industry Association on Wednesday showed that China's output of the 10 major nonferrous metals totaled 41.513 million metric tons in the first half of the year, up 3.3 percent year-on-year. Profits of above-designated-size nonferrous metal companies soared 94 percent year-on-year to 418.39 billion yuan ($61.83 billion). Driven by the construction of artificial intelligence computing infrastructure, prices of nonferrous metals including copper, aluminum, tin, tantalum and indium have risen significantly. Tin prices jumped 40 percent in the first half of the year, while tantalum prices soared 158 percent and indium prices climbed 60 percent. China, the world's largest producer and consumer of copper products, accounts for more than half of global copper consumption. Morgan Stanley previously forecasted that global copper demand from data centers will surge from 740,000 metric tons in 2026 to 1.3 million metric tons by 2028. Tin has become a key material in advanced semiconductor packaging. According to a report published by the China Academy of Information and Communications Technology in March 2026, global computing power is expected to grow at an annual rate of more than 60 percent over the next five years, exceeding 50 EFlops by
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