China's first global mining development report is released today

The China Geological Survey of the Ministry of Natural Resources today released the Global Mining Development Report 2019, which is the first global mining development report in China.

Global Mining Development Report 2019 shows that in 2018, global mining industry provided 22.7 billion tons of energy, metal and important non-metallic minerals for mankind, with a total output value of $5.9 trillion, equivalent to 6.9% of global GDP. Among them, the output value of energy mining industry is 4.5 trillion US dollars, accounting for 76% of the world's total output value of mining industry. Mining industry plays an increasingly prominent role in the global economic and social development.

Under the background of the escalation of trade frictions in major economies and the weak recovery of the world economy, the global mining industry continues to differentiate and adjust, and the pattern of production and consumption of mineral resources is speeding up the remodeling. The data show that mining industry is the pillar industry of developing countries such as Asia, Africa and Latin America. More than 20 countries, such as Congo (DRC), Equatorial Guinea and Angola, account for more than 20% of their GDP. Mining industry development is becoming an important means of accelerating industrialization and economic development in these countries. At the same time, the revitalization of manufacturing industry, especially high-end manufacturing industry in developed countries in the United States and Europe has further enhanced the exploration and development of key minerals such as rare earth, lithium, cobalt, nickel and fluorite. Chen Qishen, chief researcher of the International Mining Research Center of the China Geological Survey, Ministry of Natural Resources, said that over the next decade, 1.7 billion people in Asia will enter industrialization and complete industrialization, and 2 billion people will be in the stage of industrialization. So the industrialization development of such a huge population will drive the high-speed growth of mineral resource demand.

In terms of energy consumption, in 2018, China, India, ASEAN and other emerging Asian economies, developed economies such as the United States, Europe, Japan and South Korea and other countries consumed 35%, 36% and 29% of the world's energy respectively. In terms of metal mineral consumption, in 2018, China, India, ASEAN and other emerging Asian economies accounted for 59%, 59% and 61% of the global consumption of iron, copper and aluminium, respectively. Asia's emerging economies have become global metal mineral consumption centers. In the future, the demand for metal minerals in emerging economies in Asia will continue to grow, while the total demand of developed countries such as the United States, Europe, Japan and South Korea will continue to decline.

Global Mining Development Report 2019 is China's first professional report on global mining development trend. Based on the massive data (17.260,0.00,0.00%), the global mining market, the supply and demand pattern of mineral resources, the development of mining companies and the trend of mining policies of major countries are comprehensively analyzed, which will play an important role in precisely serving the transformation and development of China's mining industry and promoting the cooperation and prosperity of mining industry among all countries in the world.