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China'S Future Import And Export Of Iron Ore Will Account For 50% Of Total Imports.

2010/11/18 11:39:00 44

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In November 18th, Jiao Yushu, consultant of China Metallurgical Mining Enterprise Association, said at the twelve China International Mining Conference: it is estimated that in 2010, China's iron ore raw ore volume will reach 10 billion tons.

Imported

50% of the volume; expand the scale of overseas mining, and increase the profit from 50 million tons to 3 million tons.

He said that China's domestic production was stimulated in 2009 because of the increase in import ore prices, which stimulated domestic ore production.

Iron ore

8.8 million tons. In 2010, the output of iron ore reached 5.8 billion tons in 1-7 months, an increase of 28% over the same period last year.

He further said: in 2009, China imported 6.277 million tons of iron ore, accounting for 68% of the world's total iron ore exports.

But it did not get the right to speak of the "mineral price"; the international iron ore market was monopolized by the three largest international iron ore suppliers.

Resources

The advantage of the product is to raise the price of the mineral, and the three big suppliers rely on the development of China's iron and steel industry. The three enterprises have developed from 4 tons in 2004 to 6 million tons. Their production cost is only more than 20 dollars, but they are still not satisfied. They have put pressure on our market, and now they are putting pressure on us. Now the price of mine is 123 US dollars / ton in the two quarter of 2010, 147 US dollars per ton in the three quarter, 127 US dollars / ton in the fourth quarter, and more than 100% in 2009. If the imported ore reaches 80 million tons, according to the estimate of the increase in ore price, we will pay more than US dollars. The production cost of the steel enterprises will increase by 700~800 yuan per ton, which is equivalent to the total investment of the Three Gorges Project. Advantage

He said: in order to change this pattern, China's current tasks are: first, increase the supply of domestic iron ore, reduce the dependence on imported minerals, strive to achieve 50% of the iron ore resources and intensify the exploration of iron ore resources. In recent years, the amount of iron ore resources should be doubled, the total amount of resources will be up to 1200 million tons, the total volume of resources will reach 1200 billion tons, the annual iron ore production scale will reach 13 billion tons; two, standardize the order of iron ore imports, joint procurement, unified command, control the investment in iron and steel industry, accelerate the elimination of backward production capacity and reduce the consumption of iron ore; three, expand the scale of overseas mining, and strive for the right amount of imports and exports to reach 3 billion tons.

To build several modern demonstration mines; four, to carry out the national pportation and strive to achieve 50% in 5 years.

Now China's Wuhan Iron and Steel Group has obtained the right to exploit the Liberia mining area, and China Railway Materials Commercial Corp has acquired the 12.5% stake in Sierra Leone iron ore and the right to sell 51 million tons of iron ore resources development products. Overseas CITIC SINO iron mine, Anshan Iron and steel mine, Wuhan Iron and steel mining area and other large open-pit mines have been built abroad.