Analysis and Prospect of Mineral Resources Situation in 2018

In the first half of 2018, the economic development at home and abroad was good, which provided a good environment for the development of China's mining industry. Except for oil and gas, supply and demand of other major mineral resources were mainly balanced. Imports of other major mineral resources with exception of non-ferrous metals were increased. Prices for oil, gas and non-ferrous metals were rising. In the second half of 2018, China's economic development will make progress while maintaining stability. Productions of natural gas and non-ferrous metals will continue to grow. Crude oil imports will fall. Iron ore prices will remain at current levels. Influenced by ecological civilization construction and structural reform of supply side, the development of China's mining industry is in the key period of transforming and upgrading. It is the focus of mining industry development to increase concentration and competitiveness of this industry and expand international mining cooperation.