Aarkstore.com China Iron Ore Mining Industry, Market Research

Feb. 6, 2012 - PRLog -- Huge demand:
Although in recent years China’s iron ore output has continuously achieved significant increase, it still cannot meet the ever-growing market demand.

China’s own resource:
In 2010, China’s central government will invest additional RMB 5 billion to strengthen the basic work of mineral exploration and another RMB 3 billion for conservation, intensification and comprehensive utilization of mine resources. As comprehensive analysis shows, China still has relatively great iron ore exploration potential, no matter in West China, East China or Central China. According to preliminary estimates, the prospect for unidentified near-surface iron ore resources within 1000-meter depth is as high as 100 billion tons. There are great ore exploration opportunities and potential deep in the major iron ore areas. Since 2001, the retained iron ore resource deposit in China has basically maintained on a level higher than 60 billion tons and is growing every year. By the end of 2009, there were 3637 iron ore mines in China. China’s retained iron ore resource deposit in 2009 was already increased to 64.6 billion tons.

Import:
Despite the global economic recession, iron ore exports have increased for 8 consecutive years and the world iron ore trade remains a record high. In 2009, China was the world's largest iron ore importer, with its imports growing by 41% up to 628 million tons, taking up 67% of the total world import.

Investment:
Investment return rate chart with data from different years shows, the iron mining and dressing industry is at a healthy stage of development. Although the industry went down under the impact of financial crisis in 2009, it apparently rebounds driven by China’s policies in 2010.

Price:
The fast-growing national economy in recent years, especially the year-on-year growth of investment in fixed assets, stimulates the significant increase of domestic steel consumption and drives the steel industry in China to develop at a relatively fast pace. The situation produces a tremendous push to production of iron ore – the raw material of the steel industry, and drives the price of iron ore to rise continuously.



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