BEIJING, Dec. 10 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports that China is short of nine kinds of mineral resources.
Due to rapid economic development in recent years, China has become the world's leading consumer of minerals and metals. Some people think that by 2020, China will account for 35.70% of the world's iron ore consumption, while spending will account for more than 20% of the minerals coal, tin, zinc, lead, alumina, aluminum, lead, and copper, from high to low.
In recent years, China's rapid increase in mineral production has not met rising Chinese demand. China's 45 major minerals needed to be basically guaranteed.
There are a total of 24 kinds of minerals can be guaranteed, including coal, natural gas, tungsten, molybdenum, silver, rare earths, magnesite, fluorite, refractory clay, phosphorus, barite, cement, limestone, glass and siliceous materials, gypsum, kaolin, stone, diatomite, salt, sodium sulfate, bentonite, graphite, asbestos, talc, and wollastonite (http://www.himfr.com/list-product-Minerals_Metals_Materials-22000000-1.html ).
Supply meets demand for two kinds of minerals: titanium and sulfur. There is a shortage of ten kinds of minerals: oil, uranium, iron, manganese, bauxite, tin, lead, nickel, antimony, and gold.
There is a serious shortage of nine kinds of minerals: chromium, copper, zinc, cobalt, platinum group elements, strontium, potassium, boron, and diamond.
Himfr reports that in recent years, China depends on imports more and more each year for oil, iron ore, copper and metal, particularly oil and iron ore.
Himfr's analyst analysis: the demand for scrap metal, especially copper, is very large. Chinese scrap metal recycling technology is not yet fully developed; and copper will need more than a decade to process completely, so the growth of the Chinese market for scrap metal is mainly from imports.
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