Analysis of global mining in 2017 and outlook

In 2017, due to the global economic rebound, the demand for metals increased moderately.The global mining industry continued its good momentum.The prices of metals rose steadily.The financing difficulties were further alleviated and the confidence of investors returned to normal.Looking into the future, China’s development will add new engines to the global mining industry in the new era.The smooth progress of “Belt and Road” will rebuild a new pattern of global mining industry.Concerning over the environmental protection worldwide will rebuild a new global order for mining management.The technological innovation will bring new impetus to the development of the global mining industry.Therefore, we believe that the global mining industry has entered a new stage of development after experiencing the supercycle of 2003～2015.The new development stage is different from the previous “mining cycle theory” that the relationship of supply and demand plays a major role.Under the influence of many factors such as smart mining, environmental protection, technological progress and win-win cooperation, the new stage will complete the important transformation and upgrade.