The Trend Of The Mineral Resources And Supply
China has just released a new set of policies to boost the new-energy vehicle sector
, the latest in nearly two decades of government support for the industryjaw crusher.
Tax cuts for new-energy autos were announced last week, with the aim of increasing enthusiasm for the clean vehicles among automakers and drivers.
The vehicle taxes for 64 new energy-saving vehicles will be halved, according to an announcement jointly released by the Ministry of Finance, the Ministry of Industry and Information Technology (MIIT), and the State Administration of Taxation on June 5. This was the seventh new policy to promote the sector in the past three months this year.
As far back as the country's 8th Five-Year Plan period (1991-95), the State Planning Commission, now known as the National Development and Reform Commission, began to push forward new-energy vehicle development. Support policies for clean autos have been mentioned in each five-year plan since then.
Top leaders from domestic automaker China FAW Group Corp, commonly known as FAW, also gathered together Tuesday in Changchun, North China's Jilin Province, for a meeting about the company's electric auto development over the next eight years.
FAW's strategy was encouraged by the Energy Saving and New Energy Auto Industry Development Plan (2012-20) released by the State Council in April, under which the country aims to sell 500,000 units of electric and hybrid vehicles by 2015 and 5 million by 2020.
According to the analysis by relevant experts, mineral resources and mineral supply and demand will present six trends in 2012.
First, the coal supply and demand appears basic equalization, slightly loose and structural redundancy coexists with regional strain. The coal production will continue to grow, coal imports will remain high, and the coal supply capacity will further increase.
Second, the rigidity of the steel product demands grow, supply and demand contradiction of iron ore resources still exist. Influenced by the slow recovery of world economy and China's slowing economic growth, steel production growth will be further drop out.
Third, non-ferrous metal product prices will remain as high as that of last year in general. Looking from the current situation, institutions still keep great interests in the copper, so the copper price will remain high and volatile
Fourth, oil production is stable and import dependency will continue to rise.
Five, phosphate prices will raise steadily, pyrite price decline and potash are mainly dependent on imports.
Six, cost pressures in building materials and non-metallic industry increase, non-metallic mineral products export demand faces downward pressure, and the potential risks are also increasing. In recent years, benefitting from good development situation in mining industry, as well as part of minerals such as graphite, fluorite are favored by investor, their production capacity continues to expand.
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by: libby
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