Indonesia suspends 1,000+ mines, once the suspension is too long, it may affect the export supply of related resource varieties, or it may exacerbate the tight supply and demand pattern of global bulk commodities, and prices may rise further.
The mines of more than 1,000 miners suspended this time include tin, nickel, aluminum, iron ore and other resource varieties. The market is worried that once the suspension is too long, it may affect the export supply of related resource varieties, or it may exacerbate the tight supply and demand of global bulk commodities, and prices may rise further.
It should be pointed out that Indonesia is one of the countries with the most complete types of minerals, mainly including bauxite, nickel ore, iron ore, copper, tin, gold, silver, etc. Among them, the reserves of tin, nickel and aluminum are the most abundant.
In terms of nickel, according to public and authoritative data, Indonesia's nickel ore reserves are 72 million tons, accounting for 52% of the world's total nickel reserves, and it has the absolute right to speak. In terms of production, the main producers of nickel in the world are Indonesia, the Philippines, Russia, etc., of which the total production capacity of Indonesia and the Philippines accounts for 44%, while the production of nickel mines in China only accounts for 4.8%.
Nickel is one of the core materials of ternary power batteries. Under the background of the rapid development of the global new energy vehicle industry, the demand for nickel will naturally rise.
Therefore, China's nickel ore imports have increased year by year, and its foreign dependence has reached more than 80%, and 50% of the imported nickel ore is from Indonesia. Considering the historical restrictions on exports by Indonesia, it may push up the price of nickel metal.
In terms of tin, according to statistics, Indonesia's tin reserves ranks second in the world, accounting for 17% of the world's total, second only to China, which accounts for 23% of the total. At the same time, Indonesia's tin production is also the second in the world, with 22% The output has become second only to our country.
In terms of bauxite, 80% of China's imported bauxite comes from Indonesia. Based on the historical situation of Indonesia's export control, Guotai Junan said that it may lead to an increase in domestic bauxite prices and increase the production of pure alumina and electrolytic aluminum. The production cost of enterprises, thereby pushing up the price of electrolytic aluminum.
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