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"Twelfth Five-Year Plan" to build a large-scale iron ore group of 2 to 300 million tons
Lei Pingxi, secretary-general of the China Metallurgical and Mining Enterprise Association, said in Shanghai on the 16th that during the "Twelfth Five-Year Plan" period, China will cultivate a large-scale iron ore group with a capacity of 2 to 300 million tons, and the "going out" mining has entered the express train. It is expected that the iron ore market will shift from the current basic balance of supply and demand to oversupply after 2013. Lei Pingxi made the above remarks at the "Seventh Steel Industry Development Strategy Conference" hosted by the information institute "Steel House". According to the latest situation notified by the Development and Reform Commission, in the first quarter, although China's steel mills increased horsepower production, crude steel output increased by nearly 10% year-on-year, but profits further narrowed. The main reason is that raw material prices are at a high level, especially iron ore. Customs data shows that the average price of imported minerals in China in the first quarter was US$157/ton, up nearly 60% year-on-year. After entering April, as the steel price rebounded, the price of imported ore continued to rise and is now close to the high of $190/ton. In order to reduce the cost pressure, some steel mills have suspended the import of iron ore spot. However, the suspension of imports is only an expedient measure, and a better response is to increase the development of domestic mines. Lei Pingxi said that the development of domestic iron ore has been greatly accelerated in recent years, spurred by the soaring price of imported ore. During the “Eleventh Five-Year Plan†period, iron ore fixed assets investment increased from 28.2 billion yuan to 106.6 billion yuan, a 280% increase in five years. In 2010, the annual production capacity of domestic iron ore increased from 500 million tons five years ago to 1.2 billion tons, and the cumulative capacity in five years increased by 700 million tons, an increase of 140%. The design scale of the iron ore project currently under construction and planning will increase by 480 million tons. During the “Twelfth Five-Year Plan†period, domestic iron ore development still has great potential. Lei Ping said that as of the end of 2010, the iron ore resources reserves identified by China were 71.4 billion tons, and the resources were less than 30%. In the next five years, by increasing exploration efforts, the industry is striving to increase the reserves of iron ore by 20 billion tons. At the same time, it will cultivate a large-scale iron ore group of 2 to 300 million tons, six large iron ore groups of more than 30 million tons, and several iron ore enterprises of 10 million tons. While tapping the potential of domestic mines, “going out†mining has also entered the fast lane. Since the participation in the Western Australian mine in the 1980s, and now there are iron ore exploration and development projects in neighboring countries such as Mongolia, Laos and Kazakhstan, China’s iron ore “going out†strategy has basically formed “consolidation of the periphery, expansion of Africa and The development of the Americas, the diversification of iron ore sources will weaken the monopoly of large international mines. Lei Pingxi pointed out that in 2010, China’s overseas investment in mines produced 60 million tons of equity mines. In 2011, it is expected to increase to 90 million tons. In the future, it will reach 200 million tons per year, accounting for about 40% of the total imports. Thereby reducing the external dependence of iron ore.
A nut is a type of fastener with a threaded hole. Nuts are almost always used in conjunction with a mating Bolt to fasten multiple parts together. The two partners are kept together by a combination of their threads' friction (with slight elastic deformation), a slight stretching of the bolt, and compression of the parts to be held together.