Ministry of Land and Resources: Crude steel demand arrives before and after the end of the twelfth five-year period

Recently, the Ministry of Land and Resources predicted at the “2013 National Prospecting Conference” that in the next 20 years, China’s energy consumption will maintain an average annual growth rate of 4.5%, cumulative coal demand is 82.6 billion tons, oil is 12 billion tons, and natural gas is 5.8 trillion cubic meters. The cumulative demand for copper resources is 250 million tons, which is 3.3 times the sum of consumption in the past 60 years; the demand for aluminum resources is 370 million tons, which is 3.7 times that of the past 60 years. It is predicted that the peak demand for crude steel will come before and after the end of the “Twelfth Five-Year Plan” period, the platform period will last for about ten years, and the average annual demand for iron ore will be 900 million tons to 1 billion tons (standard minerals).

The Ministry of Homeland stated that in the recent period, the global mining industry has contracted and the demand for important domestic mineral products has slowed down. However, driven by industrialization, informatization, urbanization, and agricultural modernization, China's peak energy demand will come between 2030 and 2035. In the next 20 years, China's consumption of steel and metal minerals will be several times the sum of the past 60 years. According to statistics, in 2012, China’s energy consumption accounted for 20% of the world’s total, steel consumption accounted for 43% of the world’s total, copper accounted for 40%, and aluminum accounted for 41%, ranking first in the world.

In 2011 and 2012, the national geological exploration investment reached 111.8 billion yuan and 120 billion yuan respectively, of which solid mineral exploration investment was 44.3 billion yuan and 47.3 billion yuan respectively, and oil, natural gas, tungsten, molybdenum, nickel, etc. were found. Major breakthroughs in minerals, discovered a number of deposits with world-class reserves, exploration results exceed expectations, the overall point of view, the first phase of ore breakthrough strategic action goals can be completed on schedule, including * ore, tungsten ore can be completed in advance five years , Molybdenum, nickel ore can be completed in advance 8 years to 10 years. Last year, new natural gas reserves have reached the highest level in the past year. The newly added oil geological reserves are the second peak year.

In terms of oil and gas resources exploration, China's newly added petroleum geological reserves amounted to 1.521 billion tons in 2012, the second peak year in history; the newly added natural gas (including coal bed methane) reserves reached 961.2 billion cubic meters, which was the highest in the calendar year. A number of world-class major discoveries have also been made in the field of metal mineral exploration.