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PrintShort supply of nonferrous metals' mineral resources in China is expected to keep unchanged in a short time, said Shang Fushan, vice chairman of the China Nonferrous Metals Industry Association, at the on-going 2009 Nonferrous Metals Mining Forum.
To match economic development, China's demand for nonferrous metals will continue rising and its mining and refining capacity will be further improved. Therefore, the gap between demand and supply of raw mineral materials will exist for a long time, Shang added.
According to Shang's estimate, the country's reserves of copper, lead, zinc, and nickel will be exhausted in 16 years, 6.5 years, 7.7 years and 31.7 years, respectively.
Last year saw the country import 5.19 million tons of copper concentrate, up 14.75 percent year on year, 1.44 million tons of lead concentrate, up 14.2 percent, and 2.38 million tons of zinc concentrate, up 10.65 percent.
China has to import a large amount of mineral products every year for low self-sufficiency.
Sources from (www.chinamining.org)
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