China's machinery industry is expected to maintain double-digit growth


In 2018, the endogenous resilience of China's machinery industry will gradually increase, and the industry is expected to maintain double-digit growth, with export growth of about 8%. In 2017, China's machinery industry stopped the previous two consecutive years of decline and achieved medium-speed growth.In the process of advancing to a “manufacturing powerhouse”, its development momentum has shifted from being supported by product production growth to being driven by product upgrading and innovative services.   It is understood from the China Machinery Industry Federation that in the first five months of 2017, the economic operation of the entire industry of China's machinery industry has made steady progress, and the industrial added value of the entire industry has increased by 11%, and the main indicators are significantly higher than the national industrial average.At the same time, China's machinery industry also had several problems in the first five months, such as weak demand, still sluggish prices, and increased competition.   It is worth noting that the differentiation between the major sub-industries of China's machinery industry intensified in the first half of this year, and this trend will continue in the future.In addition, the downward pressure on the entire industry still exists, and the problems in the construction machinery and agricultural machinery industries are more prominent.   All in all, China's machinery industry is currently shouldering an important mission of transformation and upgrading. Its internal and external environment is still complex and changeable, and the economic operation of the industry is still difficult.   The relevant person in charge of the China Machinery Industry Federation pointed out that if China's machinery industry is to get out of trouble, it must abandon the competitive model of relying solely on expansion and price reduction to compete for “economies of scale” as soon as possible.In addition, we must continue to innovate in products, services, and business models.   Judging from the whole year of this year, the overall demand of China's machinery industry will still be weak, and the development of the industry will maintain a stable main tone.   Industry insiders said that the current stable central and local growth has been effective, and the macroeconomic situation is expected to further improve in the second half of the year, which will constitute a strong support for China's machinery industry.

2018/01/24

Energy utilization in the production process of mining machinery


During the ”Twelfth Five-Year Plan" period, my country has put forward further requirements for industrial development methods in line with the principles of green environmental protection and independent innovation. Therefore, mining machinery manufacturers must pay attention to the energy utilization in the production process of mining machinery, do their best to reduce energy consumption, and contribute to people's common living environment.The mining machinery manufacturing industry must adhere to the green avenue of combining green manufacturing and independent innovation.My country's dependence on imported iron ore is as high as more than 90%. With the rising prices of imported raw materials for iron ore, countries in the world have strengthened their control over their own resources, and the deliberate destruction and interference of international giants in our country's search for external resources, strengthening the self-sufficiency rate of iron ore has become a top priority.Strengthen strategic adjustments in this regard and encourage the construction and development of iron ore enterprises.

2022/10/31

The world's four major mines are actively expanding production to compete for the market with cost advantages


Since this year, international iron ore prices have fallen by more than 30%. Nevertheless, the world's four major mines have not competed to reduce production. Instead, they continue to actively increase iron ore production capacity, trying to offset the adverse effects of the decline in ore prices, and hope to use cost advantages to squeeze high-cost miners out of the market, thereby competing for market share.   The iron ore business is crucial to the profitability of mining giants, so mining giants such as BHP Billiton, Rio Tinto and Vale are spending billions of dollars to expand iron ore production capacity to meet demand from China.With the continuous release of new production capacity, iron ore production from the world's four largest mines hit a record high in the second quarter of this year. Driven by increased productivity, Rio Tinto's iron ore production in the second quarter increased by 11% year-on-year to 73.1 million tons.The company's 2014 production target remains at 295 million tons, an increase of 11% from 266 million tons in 2013.In May this year, the company's Pilbara mine, railway and port operation system achieved an annual operating rate of 290 million tons of iron ore, two months earlier than originally planned.At present, the company is working on the next stage of expansion. With the commissioning of some low-cost mines, the annual iron ore production capacity will reach 330 million tons by 2015 and further increase to 360 million tons by 2017.   BHP Billiton's iron ore production in the second quarter was 56.64 million tons, an increase of 19% year-on-year. The output in the 2013/14 fiscal year reached a record 204 million tons, exceeding the initial target production by more than 8%, mainly driven by the gradual increase in Jimblebar iron ore production and the improvement of comprehensive supply chain capabilities.The company expects that Western Australia's iron ore production in the 2014/15 fiscal year is expected to increase by 20 million tons to about 245 million tons .The company is working to increase its annual iron ore production capacity to 260-270 million tons, expand the annual production capacity of the Jimblebar mine to 55 million tons at low cost, and de-bottleneck the supply chain will support it to achieve this goal.   FMG Group's iron ore production in the second quarter increased by 28% year-on-year to 43.8 million tons, mainly due to improved production efficiency and strong production continuity in the dry season.In June this year, the company shipped 13.3 million tons of iron ore, and its annualized production capacity reached a record 160 million tons.In the 2013/14 fiscal year, FMG's US99.2 billion expansion project to expand its annual production capacity to 155 million tons has been completed. The company continues to focus on cost control and aims to become a low-cost producer in the global iron ore cost curve.   Brazilian mining giant Vale is also actively expanding production, aiming to compete for market share with Australian miners.The company's iron ore production in the second quarter was 79.45 million tons (excluding Samarco production), an increase of 12.6% year-on-year, the highest level in the same quarter.The company is actively increasing the production of the Karagas mining area. After the completion of the SerraSul project and the SerraNorte project, the annual iron ore production capacity is expected to reach 460 million tons by 2017. Mining giants generally believe that the rise in the supply of iron ore by sea from Australia and Brazil will force high-cost miners such as China and India to withdraw from the market, which will help alleviate the oversupply situation in the market, thus forming a certain support for ore prices.In addition, these large-scale mines have low costs and economies of scale, and can withstand a certain degree of decline in ore prices.   At the same time, mining giants are also optimistic about the outlook for Chinese demand.Rio Tinto recently said that the oversupply of iron ore in the short term has indeed had an impact on prices, but market demand is still quite strong.In addition, with the increasingly serious pollution problem, China's demand for high-quality iron ore has also increased.FMG believes that due to the strong performance of important Chinese economic data and the continuous self-adjustment of the market in recent months, iron ore prices have bottomed out.Vale also expects that Chinese demand will maintain a growth trend, and iron ore prices will recover to US1110/ton in the long run.

2018/01/24

The development of the mining manufacturing industry in recent years


China's mining manufacturing industry has developed very strongly in recent years, and at the same time, it has further strengthened the rectification and adjustment of mines.The approval of new projects is also becoming more and more stringent, and the projects that have passed the approval are mainly large-scale and up to EIA standards.Mining equipment is also developing in the direction of automation, large-scale, intelligent and energy-saving.In the past few years, the development of mines has been relatively blind, but in the future, the development of the industry will tend to be rational, and more small and medium-sized mining enterprises are facing transformation.The mining machinery manufacturing industry has a different development trend. The first is that there are no super-large manufacturing enterprises in China, and the market demand is still strong. It can be said that the future development prospects of the mining machinery manufacturing industry are promising.

2022/10/31

Investment value of the industrial chain of the mining service industry


The mining service industry is an engineering construction and professional operation management service industry that integrates geological exploration, mine design and research, mine engineering construction, mining operation management, and mineral processing and smelting in the mine development process, covering the entire industrial chain.The owner enterprise that owns mineral resources and mining rights shall outsource some or all of the links of the industrial chain to the service provider, and the service provider shall provide corresponding professional services in accordance with the contract to realize the development and utilization of mineral resources.

2022/10/31

In-depth analysis of the mining service industry


In recent years, the total amount of useful minerals mined in the world has been about 20 billion t, with an annual increase rate of 4% to 5%. Among them, hard rock is about 5 billion t, and the amount of ore mined underground is more than 1 billion t, mainly bonanza and useful minerals of higher value.Non-ferrous metal underground mines in our country account for about 89% of the total number of metal mines; except for the Ural Gold Mine, Cangshang Gold Mine and Zijinshan Gold Mine, which are open-pit mines, the rest are underground mines; although China's underground iron ore production accounts for only about 18% of the country's total production, from the layout point of view, the mines of some mining companies and iron and steel joint enterprises are almost all underground mining.In short, underground mining of metal mines will still play an important role in recent mining.

2022/10/31

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