High profits have stimulated the pace of mining and expansion of foreign mines. The iron ore production capacity of foreign mining companies led by the three major mines has recently exploded, and the global supply of iron ore is expected to reverse. The latest research report released by United Metals Co., Ltd. shows that global iron ore production and exports are expected to grow rapidly in the next five years. In 2012, global iron ore output will reach 2.28 billion tons, and by 2015 will reach 2.7 billion tons. There will be a situation of oversupply in the iron ore market. According to the latest report mentioned above, from 2011 to 2015, the existing mining companies in Australia have announced large expansion plans, and many new mines have been put into production. If implemented as planned, Australian iron ore production will increase by 310 million tons in five years. From the level of 400 million tons in 2010 to 700 million tons, that is, an increase of 70% in five years. In addition, emerging mines including India, Africa, Southeast Asia and other places have begun to put into production, and quickly release production capacity. According to the data, the three companies including Liangtuo and Vale have a total iron ore output of 61.745 million tons in 2010, accounting for 61% of the global iron ore export volume. The three major mining companies and Indian iron ore exports account for the global share. It reached 72%. According to the above report, the output statistics of the three major mines show that by 2013, the total output of iron ore by the three major mining enterprises will reach 864 million tons; by 2015, the total output will reach 975 million tons. At the same time as the three major mines surged, one situation is worth noting. According to the report, the global iron ore output will reach 2.7 billion tons in 2015, while the total output of the three major mines will be 975 million tons, accounting for about a global production. 36%. It can be clearly seen that the three major mines will account for a decline in the global iron ore supply share, and its monopoly position is expected to change. "Thirty years of Hedong, thirty years of Hexi", just as many years ago, the three major mining companies were asking steel mills to buy ore. In recent years, the situation of iron ore prices skyrocketing will also be broken." People said. He told reporters that from 2001 to 2002, China's economy has experienced a process of rapid growth. A large amount of infrastructure and real estate development have made the domestic steel industry also have a rare development opportunity, and steel production capacity has exploded. Growth, so the demand for commodities has also increased dramatically. "The global demand for iron ore is much lower than the pace of mine expansion, which will directly lead to the end of the global demand for iron ore in short supply. The demand supply will be reversed in the future, and iron ore prices will plummet." Xu Lejiang, Chairman of Baosteel Group In an interview with reporters, he said. Earlier, McKinsey pointed out that the compound growth rate of China's residential real estate demand for steel will fall from 9.4% in 2005 to 2010 to 4% in 2010-2015. At the same time, Citibank also predicted that the iron ore market will have an excess supply of about 50 million tons in 2014. Even if Vale cuts its 2015 iron ore output target by 10%, the bank still believes that iron ore is oversupply. Or appear in 2015. In addition, Wu Rongqing, chief engineer of the Industry Development Department of China Mining Association, said that the iron ore projects signed and developed by domestic enterprises in recent years are expected to release production capacity from 2011 to 2012 and at the latest in 2014. In this way, the proportion of equity mines will increase each year, from the current 90 million tons to about 200 million tons. At the same time, the production of domestic mines in 2015 is expected to reach 1.5 billion tons, when the external dependence of China's iron ore will drop to about 42%. It is worth noting that since the iron ore import volume and price have not appeared in the past, the whole market is weak, and the imported iron ore is generally in a "priceless market" situation. In addition, China's imported iron ore is becoming more diversified, and the traditional status of the three major mines is being challenged. From January to May 2011, China imported 54.53 million tons of iron ore from countries and regions other than Australia, Brazil, India and South Africa, a substantial increase of 52.4% year-on-year, accounting for 19.3% of total imports. %, while in 2010 it was only 15.6%, and the speed of improvement was very obvious.
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