Outlook and overview of mineral resources situation of China in 2020

In 2020, global economic growth falls into the worst recession since World War II.The global mining market is struggling to move forward.And investors’ confidence in the mining market has shown a regional and short-term alternation.China’s economy is recovering rapidly.China’s mining market has shown strong resilience.Although the national investment in non-oil and gas geological exploration has declined for eight consecutive years and the fixed assets investment in the mining industry has decreased, the mining and dressing industry has continued to make profits which have dropped significantly, the production of mineral products has continued to grow, the energy consumption structure has continued to improve, and the imports of mineral products continued to increase.In the future, China’s economy will lead the global economy recovery.Demand for mineral products will maintain a certain growth rate, which need the surplus supply of mineral products as a guarantee.The development of new energy and critical mineral industries will improve the level of China’s independent contribution.At the same time, the global economy may take a hard time to recover, which is an opportunity for mining companies that need strong support from national policies and financial funds to go global.