Abstract: As we all know that business cycle fluctuations is an irresistible objective law, so it is imperative to establish the Early Warning Systems(EWS) for Chinese non-ferrous metals industrial under circumstance that the Nonferrous Metals Industry of China becomes more and more market-oriented. In this article, the author fully analyses the domestic and international theory-construction and method of Early Warning System, learns the experience from the Early Warning System of related industries, and also made a comprehensive and deep analysis on the international and domestic factors of Chinese Nonferrous Metal Industry. As a conclusion, the author tries to set up an Early Warning Indicators and Early Warning System Model which will suit the actual situation of China’s Nonferrous Metals Industry. For ensuring the sustained and healthy development of Chinese nonferrous metals industry, some policy recommendations will also be given on the base of a preliminary analysis and judgments on the run-state of the nonferrous metals industry.