Nonferrous Metals Industry Chain Panorama
1. Definition and Classification of Nonferrous Metals
According to the relevant definitions in the Dictionary, Nonferrous Metals refers to all metals other than ferrous metals. Metals) refers to all metals other than ferrous metals (Ferrous Metals), i.e., all metals other than iron, chromium and manganese. Combined with the various types of metals of their own properties and their use in the industry, can be divided into non-ferrous light metals, non-ferrous heavy metals, precious metals, rare light metals, rare refractory metals, rare dispersible metals, rare rare earth metals, quasi-metals, and rare radioactive metals.
2, non-ferrous metal industry chain panoramic combing: industrial profits gradually to the upstream
Non-ferrous metal industry involves more sub-products, the sub-products industry chain between the slight difference, from the overall point of view, non-ferrous metal industry chain can be summarized as the upstream mineral extraction link, the middle reaches of smelting and processing link and the downstream product application. Among them, the upstream extraction link includes exploration, mining, mine operation and pit closure after the end of operation, the midstream smelting link includes melting, mineral purification and product casting, and the downstream application area covers a wide range of fields, mainly for the automotive, military, medical, electronic and aerospace fields.
China's non-ferrous metal resources are relatively scarce, the supply capacity of concentrates compared to the smelting capacity is slightly insufficient, resulting in the smelting end of the enterprise there is a risk of idle capacity. And mineral resources due to its non-renewable properties, with the extraction and operation of the continuous, long-term industrial chain profits will gradually transfer to the upstream, and China's non-ferrous metal industry industry chain's main profit link is in the middle of the smelting, relying on the processing of products to obtain a fixed processing fee, so the industry's overall profitability needs to be improved.
At present, China's non-ferrous metal industry, the mining end and smelting end of the integration degree is high, the industry more upstream companies both smelting business; midstream companies actively layout of the mineral business. At present, China's non-ferrous metals industry upstream representative of listed companies are mainly zijin mining, northern rare earth, luoyang molybdenum, tongling non-ferrous metals, etc.; midstream representative of listed companies are mainly China's metallurgy, min hair aluminum, mingtai aluminum, xinjiang zhonghe, etc.; downstream representative of listed companies are mainly china weaponry, china aerospace, china ship, BYD, etc..
Nonferrous metal industry chain regional heat map: Yunnan region nonferrous metal related enterprises
China's nonferrous metal industry related to a large number of enterprises as of February 10, 2023, according to the enterprise search "mining" word and Business scope, "mining industry - non-ferrous metal" column screening under the number of non-ferrous metal industry enterprises, has reached 11,521. From the regional distribution point of view, China's non-ferrous metal-related enterprises are mainly distributed in Yunnan region, the number of 1980. Secondly, the northwest, northern border areas and the southwest inland areas of non-ferrous metal-related enterprises are also more, including Xinjiang 555, Inner Mongolia 615, Sichuan 779, Guangxi 1006, Hunan 862, and China's southeastern coast, central China, the number of related companies is less, basically compound the distribution of various types of mineral resources in China.
Note: The chart data only for the enterprise search on the "mining" words and business under the "mining industry - non-ferrous metals" column under the screening of statistical data
From the distribution of representative enterprises, China's non-ferrous metal industry Representative enterprises are mainly distributed in Yunnan, Xinjiang, Inner Mongolia, Guangxi and other places, but a few non-ferrous metal leading enterprises are distributed in the industry in areas with low enterprise density, such as Tongling Nonferrous in Anhui, Zijin Mining in Fujian and Nanshan Aluminum in Shandong, etc. Therefore, non-ferrous metal enterprises located in the region may be further strengthened in the region's integration ability, and close to the monopoly level of the industry in the region. The level.
Nonferrous metal industry representative enterprise capacity/output
Currently, China's nonferrous metal industry company industrial chain integration layout is more perfect, more companies both mineral development and smelting and processing business, and mineral business has cross, all kinds of minerals have layout. The following chart lists the main business of some companies:
Non-ferrous metals industry representative of the latest investment trends
Currently, China's non-ferrous metals industry in the smelting and processing link has been developed more mature, the industry-related enterprises business layout is mainly concentrated in the continuous depletion of resources at the end of the mine. China's non-ferrous metal industry enterprises continue to layout mineral resources in the global, the following chart lists some of the companies part of the investment events:
More research and analysis of this industry is detailed in the Prospect Industry Research Institute, China's non-ferrous metal industry market outlook and investment strategy planning analysis report