2015 Global mining demand remains weak this year, and the momentum for recovery is insufficient. According to a report titled “Tracking and Analysis of Geological Work Trends,” prepared by the Development Research Center of the China Geological Survey, as the global economic recovery becomes increasingly multi-layered and complex, the global mining sector will find it difficult to improve this year. Under the combined pressures of a strengthening U.S. dollar and slowing growth in emerging economies, international commodity prices are unlikely to find any sustained upward momentum, and the global mining landscape will continue to undergo profound adjustments.

　　Multiple factors are driving a sharp drop in international oil prices, and a short-term rebound is unlikely. The aforementioned report suggests that... 2014 Since the beginning of this year, global economic growth has fallen significantly below expectations, and international institutions have continuously lowered their forecasts for global economic growth. The primary reason behind the recent decline in international oil prices is the shift in the oil supply-demand balance from tight to markedly loose. Additionally, major changes in the unconventional energy supply landscape—driven by the U.S. energy revolution—have gradually eroded OPEC’s influence over the international oil market, serving as another key factor behind the sharp drop in international oil prices.

　　The report points out that the hype surrounding mining finance is fading, and the interplay of supply-demand dynamics, the U.S. dollar index, and inventory levels will jointly drive the price trends of key mineral commodities. Since... 2011 Since the end of the year, as the intensity of fiscal and monetary policy stimulus has waned, financial speculation in the mining market has gradually faded, and the mineral commodity market is returning to fundamentals—where prices are driven by supply and demand. Currently, and for the foreseeable future, factors such as supply-demand dynamics, the U.S. dollar index, and inventory levels will continue to dominate the price trends of major global mineral commodities.

　　Global demand for bulk mineral commodities remains weak, and no economy has yet emerged to take over from China’s demand. The report notes that the slowdown in China’s economic growth has led to an oversupply of international bulk mineral commodities. Even more serious is the fact that other emerging economies are also experiencing a slowdown in their economic growth, with increasingly pronounced divergence among them. This trend is expected to persist—at least for the short term. 1~2 Year, long if so 3~4 Year.

　　The report also points out that governments around the world will continue to adopt a variety of measures to strongly support and promote the recovery of domestic mineral exploration. The most obvious manifestation of this is the steady increase in government budgets allocated to mineral exploration; additionally, governments are providing strong policy support through fiscal and tax incentives and by revising mining laws.

　　The report concludes that the global mining industry remains in a phase of profound adjustment, characterized by an incubation period for mining recovery, an embryonic stage for mining technology innovation, a period of strategic maneuvering amid adjustments to mining management policies, and a phase of reform in the governance structure of energy resources. “ Four phases overlapping ” Features. The report recommends that China should stabilize its investment in public-interest geological surveys and, from three key areas—strengthening geological surveys of oil and gas, conducting geological surveys and evaluations of unconventional oil and gas resources, and focusing on surveys and evaluations of priority mineral types—promote structural adjustments in geological survey work. It also calls for increased investment in geological science and technology innovation as well as in the research and development of exploration technologies, with a particular focus on major theoretical and technical challenges. Furthermore, China should seize opportunities to advance reforms in the mineral resource management system and introduce policies that foster mineral exploration. Additionally, it should conduct in-depth studies on trends in energy resource development and actively participate in the governance of the global energy resource landscape. Finally, China should accelerate the implementation of... “ Go out. ” Building a responsible image for Chinese mining enterprises.