12 Moon 18 The event, organized by the China Institute of Land and Resources Economics, took place on [date]. 2017 The annual analysis meeting on the mineral resource situation was held in Beijing. Experts from relevant research institutions, universities, and industry associations in coal, metallurgy, and nonferrous metals, as well as from relevant institutions under the ministry, attended the meeting.

　　Experts attending the meeting pointed out that, since the beginning of this year, the global economic outlook has been better than expected. Domestically, the economy has shifted from a phase of high-speed growth to one of high-quality development. China has deepened supply-side structural reform and achieved positive results in resource-based industries: investment in oil and gas exploration and production has rebounded significantly, and natural gas output has grown markedly; in the coal industry, efforts to resolve overcapacity have been steadily advancing. 2016 The second half of the year saw a relatively noticeable rebound and recovery, and this momentum has further strengthened this year. The improvement in the fundamentals of the steel industry has created a favorable environment for iron ore market operations, and iron ore prices have been experiencing fluctuations. 54~95 U.S. dollar / In the tonnage range, overall prices have risen. Domestic mine production has been steadily increasing, enterprise economic performance has significantly improved, and the green transition is progressing smoothly. The output of the nonferrous metals industry has remained stable while showing moderate growth, and industrial profitability has markedly enhanced. At the same time, China’s resource-based industries are facing several challenges: investment in the coal, iron ore, and nonferrous metals sectors continues to decline; dependence on foreign sources for metal resources remains high; supply of high-end products is insufficient, while mid- and low-end capacity is severely overcapacity; and international trade tensions in the nonferrous metals industry are intensifying, with the overall shift from old to new growth drivers remaining relatively slow.

　　Experts pointed out that, 21 The past century has been the fastest period of development for the metal resource industry. Today, China has entered the mid-to-late stages of industrialization, and demand for metals is approaching its peak, leading to a further increase in foreign dependency. As the new technological revolution and industrial transformation rapidly advance, demand for strategic and high-tech metal products will surge dramatically. In the future, competition for metal resources will shift from basic metals to strategic metals. Along with the advancement of ecological civilization and the "Made in China" initiative... 2025 and major national strategies as well as “ The Belt and Road ” With the implementation of the initiative, the metal resource security strategy must also be adjusted accordingly.