Global energy and mining output value reaches 4.5 trillion US dollars

At the 21st China International Mining Conference, the international mining research center of China Geological Survey, Ministry of natural resources, was established. On the same day, the agency released the global mining development report 2019. This is the first time for China to issue a report on the development trend of global mining industry. According to the report, mining plays an increasingly prominent role in the global economic and social development. In 2018, the mining industry provided 22.7 billion tons of energy, metal and important non-metal minerals for human beings, with a total output value of 5.9 trillion US dollars, 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. From the perspective of global energy structure, economic restructuring, energy independence of the United States, and coping with global climate change are accelerating the reshaping of global energy structure. On the one hand, the United States will become an important oil and gas exporter after the Middle East and Russia. On the other hand, climate change has accelerated the adjustment of global energy consumption structure. In the future, the proportion of coal, oil, natural gas and non fossil energy consumption will take on a "four part world" pattern.

From the perspective of the global mineral product market, the prices of oil, copper, lithium, cobalt, etc. have declined as a whole this year, while the prices of iron ore, nickel and gold have risen sharply. According to media reports, China is a major producer and consumer of mineral resources in the world, which has an important impact on the world mining market. In terms of energy, in 2018, China's total energy output accounted for 19% of the world's total energy consumption accounted for 24% of the world's total, oil imports accounted for 16% of the world's total, and natural gas accounted for 13%. In the first half of this year, the continuous global trade tension has led to the obvious weakening of the world economic growth momentum, and the overall development trend of global mining industry has been improved first and then suppressed. The world continues to promote the development of clean energy, and the prices of natural gas, wind energy and solar energy in Europe and the United States have declined. At the same time, LNG production in Europe has increased significantly, which has led to a decline in natural gas prices. The Dutch benchmark natural gas price has declined the most in 10 years. With the continuous reduction of LNG price, the growth rate of coal demand slowed down significantly. According to Bloomberg research, renewable energy is also competing for market share. Wind and solar energy make electricity prices cheaper in Europe, and clean energy supply accounts for more market share, squeezing the coal market and accelerating the elimination of coal in Europe. For the first time, renewable power generation in the United States surpassed coal.