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Ministry of Industry and Information Technology (MIIT) said, "During 12th Five-Year Plan (2011-2015), China will develop overseas nonferrous metal bases and phase out obsolete smokestack domestic industries." "In overseas markets, China will encourage capable Chinese enterprises to explore copper, aluminum, zinc, nickel and titanium resources and speed up the process of setting up overseas nonferrous metal supply bases," the ministry said. Last year, the conglomerate CITIC Group signed a strategic cooperation agreement with Bolivia to jointly explore lithium resources in Bolivia's Coupasa salt flats, as previously reported in China Daily. Domestically, the government is boosting the development of nonferrous metal exploration in western China, including the Xinjiang Uygur autonomous region and Qinghai province, and is encouraging mining companies to prolong operations at existing mines. Copper, aluminum, lead, zinc, nickel, tin, antimony, titanium, mercury and magnesium account for more than 95 percent of China's nonferrous metal output and more than 85 percent of the sector's sales revenue. MIIT said that during the next four years, China will reduce pollution and curb capacity in energy-intensive nonferrous metal processing industries.
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