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Swapping aluminium for copper will keep China's resources, group says

Promoting the use of aluminium to save copper would be conducive to keeping the security of China's copper resource, the head of the nation's. base metals smelting industry group stated on Wednesday.

China depends upon abroad imports for 60% of its. aluminium resources rather than 70% of its copper resources. and discovering ways to utilize more aluminium would save money and. offer more security for the smelting industry, stated Ge. Honglin, chairman of the China Nonferrous Metals Industry. Association (CNIA), at the Asia Copper Week conference.

In regards to resources, copper is more precious and scarce. compared to aluminium, Ge stated.

The price of copper is 77,000 yuan ($ 10,666) a lot and the. price of aluminium is 21,000 yuan, so using aluminium instead of. copper already presents financial benefits, Ge said.

In his speech, Ge emphasised the need for mergers and the. reorganisation of copper refining capability in China, the world's. most significant customer of the red metal utilized in electronic devices.

(source: Reuters)