News from China that Could Bolster the Mining Industry
Monday, August 15, 2016
News from London’s Capital Economics, an independent research and consulting firm, has the mining industry eyeing the Chinese market with a fresh perspective this month. According to their most recent publication which tracks China’s industrial metals demand, there’s good news for mining companies around the world.
Demand for metals continued to strengthen in July, and industrial activity throughout China is up as well, which corroborates industry data on manufacturing in the country.
Unlike the incredible, and ultimately unsustainable, growth of a decade ago, industrial output has continued to grow by 5 – 6% annually in recent years and the predictions anticipate continued growth at that rate.
Electrical equipment manufacturing in particular may be buoying the demand for metals such as copper, tin, and lead, given the year-over-year expansion of more than 10%.
Fabricated metal products output has grown at the fastest rate since early 2015, contributing to a boost in the price of nickel.
2015 may have been a rough year for steel in China but things are looking up. Already the sector is experiencing a recovery in China, coming close to achieving double-digit rates this year. This may partially explain the recent robustness of iron ore and met coal prices.
While there’s no disputing the strong demand for industrial metals in China, there are still risks in the medium term. A slow down in real estate investment could mean an end to the rebound in construction, which makes up a substantial portion of the renewed growth in steel consumption.
When you need electrical power distribution equipment, controls, and light fixtures for mobile and stationary equipment for your mining operation, give us a call. Our products are designed for both surface and underground mining, and for installations in the coal, salt, precious metals, potash, trona, other metal/non-metal mining industries.
01/21/2019 - Primary Switchgear and Their B
12/21/2018 - Different Types of Mine Electr
11/22/2018 - Why Grounding Is Important in
10/19/2018 - Electrical Safety In Mines: So
09/20/2018 - Learning About Automatic Volta
08/22/2018 - Why Custom Switchgear Systems
07/23/2018 - 3 Things You Can Save By Savin
06/25/2018 - Why Explosion Proof Lighting i
05/30/2018 - All You Need to Know About Mob
04/27/2018 - Electrical Safety Tips for Min
02/27/2018 - Importance of Mobile Power Sol
01/29/2018 - Turnkey Substations: 3 Benefit
05/31/2017 - Mining with Robot Ghost Ships
11/30/2016 - The American Industrial Mining
09/20/2016 - Salt Mining
08/15/2016 - News from China that Could Bol
07/27/2016 - Komatsu to buy U.S. mining equ
06/15/2016 - Mined Materials and Iron from
05/12/2016 - Five Minutes in a Coal Mine
04/15/2016 - Mining for a Heart of Gold
03/15/2016 - A New World in Mining
12/07/2015 - A Luminous Discovery: Even MOR
11/17/2015 - A Dazzling Discovery: More Gem
10/26/2015 - Inside the Job: Electrical Dra
10/23/2015 - A Brilliant Discovery: Gems Mi
09/23/2015 - Uses of Coal: Coal to Liquid F
08/19/2015 - Uses of Coal: Cement
08/07/2015 - Inside the Job: Welder
07/09/2015 - Uses of Coal: Steel
06/23/2015 - Uses of Coal: Electricity
06/11/2015 - Using Electrical Currents: Alt
05/18/2015 - Using Electrical Currents: Dir
05/11/2015 - Determining Rank on the Mohs S
04/18/2015 - Electrical Deities in the Amer
04/12/2015 - Under Pressure: How Diamonds A
03/11/2015 - Electricity as a Deity
03/06/2015 - The Largest of Their Kind: Eve
02/12/2015 - The Largest of Their Kind: Rec
02/11/2015 - Time to “Take Off” with This N
01/14/2015 - Commonly Mined Elements and Mi
12/23/2014 - Everyday Applications of Coal
12/16/2014 - What Caused the War on Current
11/12/2014 - More on the Professions Our Em
11/12/2014 - Contents in Fine Jewelry
09/16/2014 - Abandoned Mining Towns in the
08/19/2014 - Useful Smartphone Apps for Ele
07/11/2014 - All About the Coinage Act of 1
06/17/2014 - A (Brief) History of Silver Mi
05/21/2014 - The History of Gold Mining