The hottest overcapacity, China's mining developme

overcapacity, China's mining development is approaching the inflection point and urgently needs to be reborn

overcapacity, China's mining development is approaching the inflection point and urgently needs to be reborn

China Construction Machinery Information

Guide: in the first half of this year, the global economic recovery was slow, instability and uncertainty factors increased, and the impact on energy demand was particularly obvious, The dependence of China's bulk mineral products on foreign countries is rising. At the same time, the output of China's main mineral products still keeps growing, but the growth rate has slowed down, and the development of China's mining industry still stays at

in the first half of this year, the global economic recovery was slow, instability and uncertainty factors increased, and the impact on energy demand was particularly obvious. China's dependence on foreign commodities continued to rise. At the same time, the output of China's main mineral products still maintained growth, but the growth rate slowed down, and the development of China's mining industry is still in the stage of "big work and fast progress"

some experts believe that according to the 10-year cycle law of mining prosperity, especially under the influence of the current global economic recession, China's mining development has approached the "inflection point", but the development is still "in danger"

overcapacity and increased dependence on foreign countries

in the first half of the year, the world economic development situation was very complex. The U.S. economy continued to be depressed, Europe was deeply in the sovereign debt crisis, inflation pressure in emerging economies increased, the speed of economic development slowed down, and there was a risk of "double dip". The United Nations, the world bank, the organization for economic cooperation and development and other world authorities have continuously lowered their expectations for future economic growth, and generally have a pessimistic attitude towards world economic development

affected by the slowdown of the world economy, the global mining industry has shown a downward trend. Since the fourth quarter of 2011, the demand for major mineral products has shrunk, financing difficulties have increased, costs have continued to rise, and the prices of iron, copper, aluminum, lead, zinc, nickel and other metals have declined. In the short term, the global mining industry has entered a downward period

in the first half of the year, although the international financial crisis and China's economic restructuring made some resource industries enter a relatively low period, the sustainable development momentum of the whole society, especially emerging economies, and the irreversibility of rigid demand for resources and energy increased the possibility of sustainable prosperity of mining industry. Taking the "BRICs" as an example, the whole trend of industrialization, urbanization and agricultural modernization is irreversible. The rigid demand for resources and energy has made remarkable progress in China's aluminum alloy cable industry, which is bound to increase. Therefore, the global mining industry will continue to flourish

however, judging from the current situation in China, mining capacity is generally surplus. According to the statistics of the China Mining Federation, in the first half of the year, the fixed asset investment in China's coal industry reached 210 billion yuan, 5% higher than the national fixed asset investment, 8% higher than the steel industry, and 31% higher than the non-ferrous metal industry

in the first half of the year, the investment in fixed assets that affected China's resource demand slowed down, the market demand continued to weaken, and the mining supply capacity was still in a "robust period". According to statistics, in the first half of the year, China's new coal resource reserves exceeded 600 million tons, and 1.8 billion tons of iron ore. At the same time, the development of phosphorus, sulfur and potassium resources of important chemical minerals is generally good, the resource reserves have increased, and the output has increased significantly. In 2015 (2) 2017, the company's main business income was 816.9823 million yuan, 898.0191 million yuan and 1021.4849 million yuan respectively. The product price, while traditional plastics are almost difficult to degrade in the natural environment, has risen steadily; The investment in chemical mining and beneficiation industry is stable, and the industrial benefits continue to improve

affected by the global economic downturn, the output of China's main mineral products has maintained growth, but the growth rate has slowed down. In particular, the output growth of raw materials related to infrastructure construction, such as iron ore, crude steel, 10 kinds of non-ferrous metals, cement, etc., slowed down year-on-year

in the whole mining industry, in the first half of the year, China's external dependence on oil continued to rise to 59.5%, directly reaching the risk warning red line preset by industry experts. At the same time, driven by the domestic rigid demand for natural gas and the continuous production of the second west east gas pipeline, natural gas imports continue to show a rapid growth momentum. The supply and demand of phosphate rock are basically balanced, the external dependence of sulfur resources is more than 50%, and potassium fertilizer can not meet domestic demand

in the first half of the year, China's mineral product prices fluctuated downward, with crude oil, iron ore, copper, gold and other prices falling to varying degrees, and the cost of economic development increased

seek rebirth after entering the trough

according to the analysis of the China Mining Federation, historically, the mining boom cycle is about 10 years. This time it has been exactly 10 years since 2003, but this time it is only a "small turn" in the process

the international financial crisis and China's economic restructuring have brought some resource industries into a relatively low period. At the same time, although the development of emerging economies has been affected by this storm, resulting in a slowdown in economic growth, on the whole, the strategic objectives of emerging economies have not changed. At the same time, many new situations have emerged in China's mining industry in the first half of the year. Many experts believe that this is the "inflection point" of mining industry, and are convinced that China's huge demand for commodities will lead to the long-term maintenance of commodity prices on the rising one-way street, and China's mining economy will continue to maintain a stable and good development momentum

Wang Jiahua, executive vice president of the China Mining Federation, believes that the international financial situation must have had an impact on the development of China's mining industry, but the key is to see how long the crisis will last and whether a feasible way can be found to resolve it

at present, the temporary slow development of mining industry is precisely the best time for China's mining industry to re-examine and adjust itself. The positioning of industry attributes, the repeated and disordered industrial structure within the industry, and the expansion of production capacity without a bottom line have long hindered the development of the industry. At the moment when the development of the industry slows down, we should seize the opportunity to solve the contradictions of these industries in order to achieve Nirvana? be reborn. Especially after the financial crisis, mining enterprises should accumulate more experience and strategies to deal with the crisis

in fact, as the problems faced by China's energy resources become clearer, we can increasingly feel the problems existing in the existing growth mode. At present, China's mining industry has excess capacity and cannot be reasonably utilized, which is the best time to adjust the industrial structure. Moreover, today, when mineral prices and benefits are declining, it is also the best time to promote energy conservation and emission reduction

liushuchen, director of the resource analysis Office of the information center of the Ministry of land and resources, believes that the global economic difficulties have had a great impact on the mining industry. In the process of international mining operation, capital financing difficulties, policy resource nationalism, high costs and the surge in talent demand, especially the changes in the capital market, or a good opportunity for China's mining industry to "go global"

with the continuous improvement of the strategic position of rare earth and other advantageous minerals, major international disputes over related mineral products have increased sharply. This requires the resource management departments to improve their coping ability, improve the pertinence, effectiveness and compliance of superior mineral management policies, and strengthen the research on international rules and practices; Coordinate the policies of advantageous mineral exploration, mining, smelting, price, trade and other links to ensure the coordination and consistency of policies; Accelerate the construction of advantageous mineral reserve system, especially pay attention to mobilizing and giving play to the area polarity of all parties, and establish a perfect reserve system, such as the strategic reserve of the central government, the economic reserve of local governments and the commercial reserve of mining enterprises; We should pay close attention to the current situation of the increase in iron ore and coal inventories and the still large number of imports