Outlook and overview of mineral resources situation of China in 2019
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Graphical Abstract
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Abstract
In 2019, global economic growth has fallen to its lowest level in this century.The global mining market is struggling to move forward.Mineral product prices have fluctuated and dropped, and investors'confidence in the mining market has been at a low level.China's economy and mining market have developed steadily on the whole.Oil & gas geological exploration investment has continued to pick up.Fixed assets investment in the mining industry has increased substantially.Profits in the mining industry have increased slightly.Production of mineral products has continued to grow.Imports of bulk mineral products have continued to increase.In the future, China's economy will continue to develop steadily.Demand for mineral products will maintain a certain growth rate.The pressure on domestic mineral product supply will increase.The situation of supply and demand of mineral resources is not optimistic.Affected by the increase in global trade barriers and geopolitical tensions, the global economic winter may come, which is an opportunity for China's mining companies to go global.
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