Outlook and overview of mineral resources situation of China in 2023

In 2023, the global economy has shown significant resilience. The global mining market tends towards stability. The prices of mineral products have fluctuated and decreased. Investors have increased their confidence in the mining market. China’s economy has continued to recover. China’s mining market has continued to improve. The national investment in geological exploration and the fixed assets investment in the mining industry has increased for three consecutive years. The profits of mining and dressing industry have reached the second highest level in history. The supply of mineral products has remained stable with an increase, production of energy minerals  has reached a historic high, energy structure transformation is accelerating, and the import of bulk mineral products continues to grow. In the future, the Chinese economy will continue to grow, and the demand for clean energy and strategic minerals will rapidly increase. However, mineral resources are limited by geography. In order to meet the needs of economic development, it must increase domestic mineral exploration efforts, and strengthen international cooperation in mining to improve the stable supply capacity of mineral resources.