Tuesday, May 7, 2013

China still maintains an accelerating growth in the exploitation of phosphorus ore

In the light of the data from the National Bureau of Statistics of China, China's basic reserve of phosphorus resources maintained a continued decline. By the end of 2011, China owned 2,893 million tones of phosphorus ore whose actual economic value can be exploited under the current mining technology. Furthermore, China still maintains an accelerating growth in the exploitation of phosphorus ore.
In the first two months of 2013, China produced 12,719,393 tons of phosphorus ore with a content of 30% P2O5, increasing by 15.69% compared to that of the same period of last year. It could forecast that the output of phosphorus ore might exceed 100 million tonnes in China in 2013 at the current rate. In recent years, China has maintained a fast growth in the exploitation of phosphorus ore. From 2008 to 2012, the output of phosphorus ore nearly doubled in China, from 49.72 million to 95.78 million tones. At the current consumption levels, China can barely provide itself with essential phosphorus resources for more than 40 years under the current mining technology.

Despite much effort to increase phosphorus resource reserves, China still needs to brace itself for an imbalance in phosphorus resource reserves in the face of the fast growing exploitation of phosphorus resources.
On Mar. 27th, 2013, China's Ministry of Land and Resources published positive data on China's current mineral resources status. The data show that the proven reserves of phosphorus ore reached 20.74 billion tones in China by the end of 2012, increasing by 4.85% compared to that of 2011. However, the newly increasing reserves of phosphorus resources are still incapable of offsetting the annual consumption of phosphorus resources.

Phosphorus Industry China Monthly Report is a monthly publication released by CCM. It offers timely update and closes follows up of China’s various kinds of Phosphorus market dynamics, analyze the market data and trends. Major columns include market dynamic, company dynamic, raw material supply, price update, import & export analysis, consumption trend & competitiveness.

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