Focus on the supply side structural reform and look at the development of nonferrous industry from the perspective of the National Two Sessions

The year 2017 is not only an important year for the implementation of the 13th Five Year Plan, but also a year for deepening the supply side structural reform. It is also a key year for comprehensively deepening the reform in depth. On March 3, the Fifth Session of the 12th CPPCC National Committee was opened in the Great Hall of the People. During the Congress, more than 2000 CPPCC members closely focused on the implementation of the 13th Five Year Plan and other major issues, conducted in-depth consultations on politics and earnestly performed their functions. The members of the nonferrous metals industry brought about the latest development of the industry, concerned about and discussed hot topics related to the national economy and the people's livelihood. From the CPPCC report to the members' discussion, we can touch the general trend of the development of the nonferrous industry.

09

2017

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03

The supply and demand relationship in the coal market is expected to be further improved

Capacity reduction is an important task in the supply side structural reform. Last year, China withdrew more than 290 million tons of coal production capacity. This year's government work report proposed that in 2017, China will withdraw more than 150 million tons of coal production capacity. The supply and demand relationship in the coal market is expected to further improve.

09

2017

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03

Analysis of China's tungsten and molybdenum price trend and market prospect in 2017

The world is rich in molybdenum resources. According to statistics, the reserves of molybdenum metal resources in the world are about 10 million tons, mainly distributed in China and the Americas. The top four reserve countries, China, the United States, Chile and Peru, account for 86% of the world's reserves, which are relatively concentrated, while China's reserves account for 43% of the world's reserves. China's molybdenum resources are mainly distributed in Henan, Shaanxi, Jilin and other regions. The resource reserves of the three provinces account for 80% of China's total reserves, of which Henan is the most abundant, accounting for 40% of domestic reserves.

17

2017

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03

How much will the global iron ore supply increase in 2017? About 50 million tons!

In 2017, Rio Tinto, BHP Billiton, FMG, Vale and other four mines will increase their output by 30 million tons. Considering the gradual release of production capacity of Roy Hill, SINO iron ore in China and Australia, and the withdrawal of some high cost mines, it is estimated that the global iron ore supply will increase by about 50 million tons in 2017.

17

2017

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03

The Ministry of Land and Resources comprehensively promotes the research and compilation of mineral chronicles

The 2017 Annual Working Conference of China Mineral Geology was recently held in Beijing. Peng Qiming, Chief Engineer of the Ministry of Land and Resources and Leader of the Leading Group of Mineral Geology, Wang Kun, Member of the Party Leadership Group and Deputy Director General of the China Geological Survey and Deputy Leader of the Leading Group of Mineral Geology, Yang Shangbing, Deputy Director of the Department of Geological Exploration of the Ministry of Land and Resources, attended the meeting and made speeches.

31

2017

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03

Analysis on the Market Space of China's Comprehensive Utilization of Mineral Resources in 2017

After 60 years of development of metallurgical industry, China has become a big country in steel and nonferrous metals in the world. However, the technological ideas have not changed significantly for decades. We have always adhered to the policy of refined materials and used high-quality raw materials and ores for smelting production. As a result, more than half of China's main iron ore raw materials need to be imported, and a large number of low-grade, difficult to mine and beneficiate composite concomitant ore resources stored in China are difficult to use directly.

07

2017

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04

There is no fundamental change in the situation of oversupply of coal and steel, and the capacity reduction of coal and steel still needs to be maintained

Recently, the coal and steel industries have become "hot" again. According to the data released by the National Bureau of Statistics, in the first two months of this year, the average year-on-year increase in the prices of coal mining and washing industries was 39.0%, and the average year-on-year increase in the prices of ferrous metal smelting and calendering industries was 38.9%. Thanks to the rapid rise of coal and steel prices, the benefits of the coal and steel industries have also improved significantly. In the first two months of this year, the coal mining and washing industry turned a profit of 43.8 billion yuan from a loss in the same period of last year, and the total profit of ferrous metal smelting and rolling processing industry increased by 21.1 times year-on-year.

07

2017

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04

The State Council: Revise five mining related laws and regulations including the abolition of mining rights

Recently, marked by Premier Li Keqiang's signing of State Council Decree No. 676 and the promulgation of the Decision of the State Council on Amending and Abolishing Some Administrative Regulations, various state departments have successively promoted relevant activities of "streamlining administration and delegating power, combining decentralization with management, and optimizing service reform" in accordance with the law, and revised and abolished laws and regulations in various fields. Today, let's take an inventory of the recently revised mining related laws and regulations.

14

2017

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04

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