全球矿业投资环境变化及中国矿业企业应对策略

    Changes in the global mining investment environment and response strategies of Chinese mining enterprises

    • 摘要: 近年来,全球经济逐渐恢复,新能源产业蓬勃发展,矿产品价格回升,锂、铜和镍等新能源矿产成为全球矿业投资的热点,当前的全球矿业投资环境正在发生重大变化。为进一步了解这种变化,本文分析了主要矿业国家矿业政策变化所带来的挑战和机遇、全球勘查投资的变化趋势,以及主要关键矿产品价格与供需格局。通过研究发现,各国的资源安全意识显著提升,以美国为代表的全球主要经济体为了降低对外依赖,纷纷出台各种政策,加快构建自己的“关键矿产供应链”。在矿种方面,相比全球固体矿产勘查总投资的增加幅度,在铜、金、锂和镍等关键矿产领域的勘查投入的增加幅度更加显著。在投资方式上,矿业企业更倾向于通过并购来快速获取资源,未来将继续延续这种趋势。与此同时,中国矿业企业的海外投资步伐显著加快,开始大规模海外并购。通过对权威数据的统计发现,中国海外投资范围广泛,涵盖北美洲、非洲、大洋洲,以及拉丁美洲和加勒比地区,涉及金、铜、煤炭、铁矿石和锂等28个矿种。结合三个典型案例,通过比较总结出中国矿业企业在海外投资正逐步从单纯的“资源获取”转向“全产业链参与”模式,以及根据所在国类型的不同而采取相应的经营策略。针对中国企业所面临的地缘政治、市场波动和供应链等方面的风险和挑战,提出未来应当通过强化全球供应链布局,深化国际合作与资源外交,推动技术创新等措施来积极应对。

       

      Abstract: In recent years, the global economy has gradually recovered, the new energy industry has flourished, and the prices of mineral products have rebounded. New energy minerals such as lithium, copper and nickel have become hot spots for global mining investment. The current global mining investment environment is undergoing major changes. In order to further understand this change, the challenges and opportunities brought about by changes in mining policies in major mining countries, the changing trends in global exploration investment, and the prices and supply and demand patterns of major key mineral products are analyzed. Through research, it is found that the awareness of resource security in various countries has been significantly improved. In order to reduce external dependence, major global economies represented by the United States have introduced various policies to accelerate the construction of their own “critical mineral supply chain”. In terms of mineral species, compared with the increase in total investment in global solid mineral exploration, the increase in exploration investment in critical mineral fields such as copper, gold, lithium and nickel is more significant. In terms of investment methods, mining companies prefer to quickly acquire resources through mergers and acquisitions, and this trend will continue in the future. At the same time, the pace of overseas investment of Chinese mining companies has significantly accelerated, and large-scale overseas mergers and acquisitions have begun. Through statistics of authoritative data, it is found that China’s overseas investment covers a wide range, covering North America, Africa, Oceania, Latin America and the Caribbean, involving 28 mineral species such as gold, copper, coal, iron ore and lithium. Combining three typical cases, this paper concludes that Chinese mining enterprises are gradually shifting their overseas investment from a simple “resource acquisition” to a “full industry chain participation”, and adopting corresponding business strategies according to the different types of countries. In view of the risks and challenges faced by Chinese enterprises in geopolitics, market fluctuations and supply chains, it is proposed that in the future, measures such as strengthening the global supply chain layout, deepening international cooperation and resource diplomacy, and promoting technological innovation should be taken actively.

       

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