News

The next 10 years, most of the global mineral demand will peak

Since the 21st century, the global mineral resources supply and demand situation has undergone new changes, the rapid development of the global economy has increased the demand for mineral resources, resource consumption has accelerated significantly, increasing supply pressure, the supply and demand contradiction of some important mineral products intensified, Prices continue to rise. However, since 2012, the global trend of weak demand for major minerals, “ore prices” began to fall, and shocks with the financial markets, as of now, the mining situation continues to deteriorate. Under the new normal, China’s economic structural adjustment in depth, the basic needs of the basic mineral products in place, and prices in the bottom of the interval. In this context, the mineral resources supply and demand situation analysis more and more attention to the world. Wang Anjian, a researcher at the Institute of Mineral Resources of the Chinese Academy of Geological Sciences and director of the Global Strategic Research Center for Mineral Resources, predicts that the global demand for most mineral resources will peak in the next 10 years, which will lead to the coexistence of resource demand and industry adjustment pressures.

 

Mineral resources consumption should adapt to the new normal

 

Beginning in 2012, China’s economic growth slowed down and economic development entered a new normal. In Wang An-jian’s view, China is in the middle of industrialization. The decline of economic growth is an objective law. It is not an inevitable path for China to adjust it to a certain level of economic development.

 

“Resource consumption must also adapt to and lead the new normal.” Wang Anjian believes that, first, China’s mineral resources demand is from full high-speed growth to low-speed differential growth; second, resource demand structure is undergoing significant changes; third, Resource supply will be an important change in the way; Fourth, the production capacity is to promote the coordinated development of industrial change; Fifth, the spatial structure of resource use is being transferred. However, Wang also said that the huge population of China’s huge demand for mineral resources will not change. “Although including steel, coal, non-ferrous metal demand continues to maintain the trend continues to increase, but the growth rate down.”

 

Most of the mineral resources demand growth slowed

 

According to projections, in addition to iron and steel, the future of many important mineral resource demand peak in 2020 to 2030 this time period. Wang Anjian said that despite the bulk of the mineral demand is still increasing, but the demand growth is slowing down, which is the global economic trend decision. China’s “all the way along the” strategy for mineral resources to create the conditions for moderate growth. Wang Anjian said, “along the way,” the country’s land area accounts for 38.2% of the world, population 64.7%, 49.9% of global GDP, is the world’s most economically active region, a large number of important mineral resources need to import, National mineral demand is still relatively strong. “Of course, the demand for mineral resources in different countries is not the same, despite China’s slowdown, but India’s growth rate is still very fast, ASEAN 10 countries of steel, copper, aluminum consumption growth will be very fast. Said that the resource needs of developed countries have been flat down, but emerging economies, the demand for the country is still in the upward trend.

 

The oversupply of major minerals has taken shape

 

“China is still in the middle stage of industrial development, not in the late, nor post-industrial.” Wang Anjian said that China’s infrastructure construction and social wealth accumulation level is far lower than developed countries, in addition to crude steel, the main mineral resource consumption as a whole In a rising trend, despite the consumption growth slowed, but the per capita consumption of mineral resources is still high level of operation, and will continue for some time.

 

Chinese enterprises should cooperate with the national strategy of “all the way along the way” and support the construction of regional infrastructure through the cooperation of oil, natural gas, copper, aluminum, lead, zinc and other mineral production capacity to achieve mutual benefit and win-win. Wang Jian suggested that China should strengthen the emerging strategic resources, in particular the exploration of small mineral resources, evaluation, separation and processing technology research and development to strengthen the non-metallic materials research for China in 2025 and into the post-industrial development stage, Preparation.

Copyright2016 Shandong Xinhai Mining Technology & Equipment Inc.