Over the past 15 years, the demand for energy resources in China has been growing rapidly, the imports are as following: oil 54.8%, iron ore 53.6%, refined aluminum 52.9%, refined copper 69%, potash 52.4%. China has become the country in the world with largest consumption in coal, steel, aluminum, copper, cement, lead, zinc and other bulk mineral, oil consumption ranks second in the world.
The next 10-20 years is an important period for China's industrialization, urbanization, agricultural modernization process, the demand for mineral resources presents a rigid upward trend, shortage of resources will further constrain China's economic development. In accordance with the existing proved reserves and forecast demand, dependence on foreign oil, iron, copper, aluminum, potassium, and other bulk minerals will remain high.
In recent years, with the rapid rise of emerging economies, competitions over the global mineral resources increase, costs of using foreign mineral resources increase sharply, and the difficulty and risks increase. As a large resources consuming country, it is neither practical nor possible to depend on resources supply from foreign markets, not to mention the imports of China's energy and important bulk mineral resources are controlled by others, which will seriously affect the safety of China's economic and social development. Therefore, we must base on our own country to strengthen energy and mineral resources exploration, and improve energy resources and support capabilities.
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