According to a research report by the Mineral Resources Situation Analysis Group of the China Institute for Land and Resources Economics, overall, both developed and developing economies have come to regard the mining industry as a major driver of economic development—a phenomenon that has been relatively rare in recent years.

　　Zhang Hongtao, a counselor to the State Council and former chief engineer of the Ministry of Natural Resources, believes that as emerging economies around the world recover, manufacturing and trade pick up, market confidence strengthens, and commodity prices stabilize, exports from emerging commodity markets are set to resume growth.

　　 “ The future 20 In the coming years, global economic development will continue to drive demand for resources, and the fundamental reality of resource scarcity will remain unchanged. The overarching trend of global development will not come to an end. Moreover, China’s economy has yet to fully unleash its new growth drivers. In the future, global energy demand will continue to remain robust, with China accounting for more than half of that demand. ” Zhang Hongtao said. However, in primary energy consumption, oil remains the dominant fuel, accounting for a significant share of the total. 1/3 ，2016 Year after year 15 Year ( 1999 Year ~2014 After declining in the previous year, the oil market share increased for the second consecutive year, while the coal share declined. 28.1% 。

　　 “ Although China boasts abundant reserves of strategic minerals, it ranks first in the world in terms of identified reserves for rare earth elements, tungsten, tin, molybdenum, antimony, vanadium, titanium, tantalum, magnesite, fluorite, graphite, barite, bentonite, talc, and mirabilite. Among these, China’s reserves of rare earth elements account for a significant share of the global total. 80% , antimony ore accounts for 40% The reserves of titanium ore are equal to the combined reserves of all other countries, and the reserves of tungsten ore are equal to the combined reserves of all other countries. 4 Twice as much, but the situation of shortages in major mineral resources remains difficult to change. ” Zhang Hongtao stated that resource demand will remain high for the long term, and judging from the trends in global economic development, the mining industry’s share in economic growth is on the rise.

　　This trend is being confirmed in other countries around the world. Since taking office, U.S. President Trump has fulfilled his campaign promises by introducing a variety of policies to support the development of the mining industry. This year... 3 In the month, Trump signed. “ Energy independence ” administrative order. 7 In recent months, Trump announced the repeal of the policy implemented during the Obama administration that restricted financing for overseas coal-fired power plants. Additionally, with regard to leasing federal lands, the Obama administration’s ban on leasing federal land for coal mining was lifted. As a result of these policies, U.S. coal production and exports have rebounded significantly.

　　To promote the development of its domestic mining industry, Brazil has undertaken sweeping reforms to its mining regulatory system. On the one hand, the Bureau of Mineral Development has been transformed into the National Mining Agency, which is now responsible for overseeing the mining sector. The aim is to enhance transparency and reduce bureaucratic red tape. On the other hand, royalty rates for mining rights have been increased, the tax base has been shifted from net sales to total sales revenue, and a floating tax rate has been introduced, adjusted according to price fluctuations. Taking iron ore as an example, if the price of iron ore falls below... 60 U.S. dollar / Ton, royalty rate is 2% ; Price at 60 U.S. dollar / Ton～ 70 U.S. dollar / ton, with a tax rate of 2.5% ; Price at 70 U.S. dollar / Ton～ 80 U.S. dollar / ton, with a tax rate of 3% ; Price at 80 U.S. dollar / Ton～ 100 U.S. dollar / ton, with a tax rate of 3.5% ; if higher than 100 U.S. dollar / ton, for 4% In addition, Brazil has introduced an annual inspection tax on mining activities. Depending on the size of the company and the stage of the project, mining companies are required to pay this tax annually. 500 ~ 5000 Tax on the real.

　　There are still many other countries and regions that have decided to raise taxes and increase tax rates. For example, Western Australia will raise the royalty rate for gold mining from... 2.5% Upgrade to 3.75% The Democratic Republic of Congo has reinstated the value-added tax on imports for mining companies; Tanzania has introduced an inspection tax on mineral exports; India has imposed a sales tax on gold; and the United States plans to raise the royalty rate on coal.

　　Some countries have already been considering or establishing national mining companies in order to strengthen state control over the mining sector and enhance competitiveness. 2 In the month, Bolivia established the National Lithium Corporation. 4 In the same month, Chile’s state-owned copper company established a lithium mining subsidiary. 6 In the month, Ecuador approved the establishment of a national mining company.

　　To strengthen the top-level design and management of mineral resources, some countries have established specialized agencies. For example, 3 In the month, Colombia established the National Water Resources Commission. 4 In the month, Argentina established the Federal Energy Commission.

　　Various signs indicate that, whether from the perspective of industrial positioning or management design, the mining industry is rising in status among the world’s major mining-producing countries.

　　The global mining industry is showing a gradually stabilizing trend of bottoming out and rebounding.

　　 “ China’s economy is generally performing well, and new business models and formats are increasingly bolstering China’s economic growth. However, challenges such as low private investment, difficulties in corporate financing, an unreasonable industrial structure, weak demand for resources, and declining benefits from geological exploration persist. As China continues to deepen its integration into the global economy, it must squarely face the instability and uncertainty brought about by the international situation. ” Zhang Hongtao predicts that global demand for energy and mineral resources is expected to grow, and prices of key metal minerals will rise in turn. “ Three rare ” Most minerals are experiencing supply shortages, international mineral prices have risen across the board, and exports of mineral resources from key mineral-resource countries have rebounded significantly.

　　Zhang Hongtao stated that innovation-driven development has become a new engine for the resource industry in the new era, and environmental protection has emerged as a key indicator in China’s energy structure adjustment. Green and sustainable development has now become a global consensus, and renewable, clean alternative energy sources—including hydropower, wind power, photovoltaic energy, nuclear power, shale gas, combustible ice, and geothermal energy—will maintain medium-to-high-speed growth.

　　Zhou Ping, a researcher at the Development Research Center of the China Geological Survey, said that the global economy is experiencing a full-fledged recovery, and economic prospects for the U.S., Europe, Japan, China, and other emerging markets have all improved. 2017 Year, the global economic recovery across various economies “ Synchronized growth ” The situation hasn't occurred in the past ten years.

　　 “ Affected by the factors mentioned above, the global mining index has generally emerged from its slump and entered a phase of gradual, staged recovery. Financing activities among junior and mid-tier companies, as well as initial resource discovery, have both shown fluctuating upward trends. ” Zhou Ping introduced, 2017 Global investment in solid mineral exploration has bottomed out and is now rebounding; solid mineral exploration budgets have been... 2012 the first increase since the year, up from 2016 Annual increase 14% , to reach 79.5 hundred million dollars.

　　 “ Fluctuations in investment in geological exploration most accurately reflect the cyclical ups and downs of the mining industry and can serve as a barometer for the sector. ” Yang Bing, former director of the Nonferrous Metal Mineral Geological Survey Center, stated that... 1991 Year ~2017 During the year, the mining industry experienced two cyclical fluctuations, one of which was... 1993 Year ~2002 Year, another time is 2003 Year ~2016 Year.

　　 “ According to the cycle theory, the mining downturn should... 2016 Year-end bottom, 2017 The economy began to rebound and recover. ” Yang Bing said that in... 2017 Year 9 At the China International Mining Conference held this month, most of the authoritative experts in attendance agreed on this point: 2017 The year will mark the beginning of a new cycle for the mining industry.

　　The data shows that, 2016 Year 9 Moon ~2017 Year 9 In the month, prices of mineral products rose to varying degrees. Prices of copper, lead, zinc, aluminum, lithium, and cobalt increased respectively by... 35%、 27.4% 、38%、36%、75%、118% As a result, profits in China’s mining industry have surged significantly. At the same time, global mining financing and M&A activities have also become increasingly active. According to EY statistics, 2017 Second-quarter financing amount for the year 710 hundred million U.S. dollars, up year-on-year 15% The number of mergers in the first half of the year has already exceeded... 2016 For the entire year, the M&A volume was 280 hundreds of millions of dollars, compared to the same period last year 146 Hundred-million-dollar growth 92% M&A cases are on the rise. 3.3% To 222 One.