Last year since the opening of the copper market feast, so that "copper doctor" double the value, the rise is prominent. But member of the National People's Congress, who has long watched the copper market, thinks otherwise. "behind the surge in copper prices, we should also see the problems that exist. " In the face of a reporter's question, he Jinbi was outspoken.

After seeing the ups and downs of the copper price, in the eyes of the delegates, the copper market is now in a long period of recovery, and the impact of the epidemic on the overissuance of currency and the expectation of a global economic recovery has made copper a favorite target for funds, coupled with good market demand, support copper prices run high. "In spite of the boom, because most smelters rely on imported raw materials, it is difficult for smelters earning processing fees to enjoy the dividends from high copper prices. "

In the past, some smelting enterprises pursued GDP growth unilaterally, which led to excessive consumption of resources and degradation of the ecological environment, which was contrary to the goal of carbon emission peak and carbon-neutral put forward in the government work report. According to He Jinbi, for industries that are short of mineral resources, instead of following the old path of large-scale investment in smelting projects in the past, smelting capacity will be transferred to overseas mineral resource-rich areas, while taking advantage of the depreciation of the US dollar, we will increase imports of strategic goods and expand our Non-ferrous metal reserves.

As for copper, by the end of 2019, China's copper reserves only accounted for 2.99% of the world, about 26 million tons. The annual output of copper concentrate containing copper remains at about 1.6 million tons, and even with the new production contribution from large mines such as the qulong copper mine and the Yulong Naxi Autonomous County copper mine, it is still far from keeping pace with the expansion of the smelting scale, as a result, the supply gap is widening.

Statistics show that China's dependence on imported copper concentrates has been increasing, and the import volume has increased greatly. The external dependence has increased from 70% 10 years ago to nearly 80% in 2020. The top advantage of the value chain has been in the oligopoly of Western mining enterprises for a long time, which leads to the lack of market voice in purchasing metal raw materials in China, the processing cost is in the descending channel, and the industry profits are severely squeezed. Despite the fact that in recent years some of our enterprises have "gone out" and controlled a number of mineral resources such as the Simandou Iron Mine, the TROMOK copper mine and the Dugard River zinc mine, and constantly improved their global resource allocation capacity, however, the situation of low self-sufficiency rate of concentrate can not be changed effectively in the short term.

In order to promote the high-quality development of China's metal industry, control the disorderly expansion of the scale of production capacity, realize the transformation and upgrading of old and new kinetic energy, enhance the comprehensive utilization rate of resources and the level of energy conservation and environmental protection, and strive to reach the peak of carbon dioxide emissions by 2030, to be carbon neutral by 2060 and increase national ownership, he suggests:

First, through the regulation of environmental taxes, we will further guide enterprises that discharge pollutants to reduce their emissions, further raise the awareness of the whole society of environmental protection, and promote the building of an ecological civilization and green development, at the same time, the abolition of the stamp duty on the circulation of commodities to reduce transaction costs, so that domestic investors and international investors in the capital market to follow the same trading rules, and boost confidence in commodity markets, to realize the ultimate goal of promoting the capital market by the exchange market and the development of enterprises by the capital market to promote the overall economic prosperity.

Second, further optimize industrial distribution and accelerate industrial upgrading. First, we should encourage the use of environmentally friendly technologies, intensive processing and direct utilization of recycled metals. It is suggested that the state should introduce encouraging measures to support the production of high-value metal processing products using scrap metal as raw material, establish and improve the utilization system of metal renewable resources, and build a number of large-scale demonstration projects for the utilization of recycled metals. At the same time, leading enterprises that have already entered the field of metallurgical and environmental protection are encouraged to continue to maintain strong competitiveness in the industry, supporting such new and emerging technology enterprises as sintering flue gas circulation, blast furnace gas equalizing pressure and blowing off, gas fine desulfurization, utilization of metallurgical solid waste resources, etc. , we will vigorously promote energy-saving and emission-reduction technologies such as sintering flue gas circulation, blast furnace gas roof equalizing and air blowing off, and transform the building of a beautiful China into a metal industry. Second, we will accelerate the intelligent and green transformation of our industries. It is recommended that the relevant departments formulate guiding measures to accelerate the deep integration of the Internet, big data, artificial intelligence and metal industry, build a number of intelligent mines and intelligent factories, and promote the development and application of new metal materials, fully explore the application of metal products in high-speed railways, electric power equipment, photovoltaic industry, new energy vehicles and other fields to meet the needs of high-precision metal products in strategic emerging industries, Defense Science and technology industry and other key areas, we will strive to make innovation a powerful engine for high-quality industrial development. Third, further expand opening up and international cooperation. At present, a new round of deepening and expanding opening to the outside world and international cooperation has been launched in China. It is suggested that the Ministry of Commerce take the lead, and the Ministry of Industry and Information Technology cooperate with various trade associations, we will actively guide more enterprises with strong strength, advanced technology and excellent products to go overseas with the "Belt and Road" initiative and participate more deeply in the process of changing the pattern of the world metal industry, export Chinese technology, Chinese wisdom and Chinese solutions to achieve high-quality development in the face of global economic upheaval.

At the same time, he jinbi believes that as one of the main raw materials and strategic resources, Non-ferrous metal is of great significance to the sustainable and healthy development of our national economy. In a proposal to improve China's Non-ferrous metal, which he brought with him, considering the improvement of the Non-ferrous metal system from the national level as an important link to enhance the effectiveness of the country's overall strategic reserve system, so as to better safeguard the country's economic security and major strategic interests.

First, we should establish a scientific mechanism and system for the conversion of foreign exchange reserves to strategic material reserves, so as to realize the proper materialization of foreign exchange reserves. With the increasing ability to earn foreign exchange and the accumulation of foreign exchange assets, China has become the largest foreign exchange reserve country in the world. The large scale of foreign exchange reserves represents the country's economic strength to a certain extent. On the basis of ensuring safety and liquidity, the level of operation and management of foreign exchange reserves has been continuously improved, it is of great significance to promote the stable development of domestic and international financial markets. In recent years, developed countries such as Europe and the United States issue a large number of money, the United States quantitative easing policy frequent, in China, it means the increase of imported inflationary pressure and the risk of shrinking foreign exchange reserves. To advise the relevant foreign exchange management agencies to use their foreign exchange reserves in a scientific and effective way to purchase on the international market the Non-ferrous metal strategic materials needed for China's economic and social development and national defense construction, and bring these materials into the National Strategic Material Reserve System, so that China's foreign exchange reserve in the form of currency can be appropriately converted into the strategic material reserve in the form of physical objects, we should weaken the adverse effects brought by the supply and demand relationship in the international market and the fluctuation of the market, strive for the right of international pricing, improve the strength of China's Non-ferrous metal, and ensure the safeguard role of foreign exchange reserves in risk prevention.

The second is to improve the Unified Command and coordination mechanism of the Non-ferrous metal in coordination with the ministries and departments. The reserve and mobilization of Non-ferrous metal resources often involve many departments, many links, many kinds of reserve materials and many kinds of resources for reserve operation and management. It is proposed to study the establishment of a unified command and coordination mechanism for the Non-ferrous metal, and to carry out dynamic supervision, management and inspection of the Non-ferrous metal, to enhance the Non-ferrous metal strategic materials reserve system, integrity and synergy.

The third is to build a multi-party reserve mechanism with the State Reserve as the main part and the combination of the State Reserve and the private reserve. For a long time, due to the lack of a set of scientific and clear planning, China has not had a strong sense of reserve in resource reserve, especially in Non-ferrous metal resources, and the strategic reserve set up from the perspective of national security, because it is not profitable and the amount of capital required is large, the cost of government reserves and the maintenance costs are high, so the private commercial reserves can be taken as an important supplement to the national reserves, the relevant production, circulation and consumption enterprises shall be actively encouraged to make necessary reserves. It is proposed to study the establishment of a strategic materials reserve system based on national reserves, a rational division of labor between the government and enterprises, and a combination of national reserves and private reserves, so as to hedge market price fluctuations and risks, we will improve the ability of enterprises to cope with resource price hikes and the ability of the government to deal with emergencies and withstand risks in the international market.

Fourth, the reasonable layout of the reserve network, to solve the Non-ferrous Metal Resources Strategic Materials Reserve Bank "where" the problem. First, the establishment of strategic material reserve at different levels. Taking the national strategic materials reserve as the leader and the local and non-governmental commercial strategic materials reserve as the Auxiliary, the three-dimensional storage grid should be formed, which is characterized by dot-belt, up-down linkage, mutual connection and head-to-tail; Second, a national strategic resource reserve should be rationally set up. The establishment of a number of state-level strategic resource reserves throughout the country, taking fully into account such factors as location resources, industrial development, transportation and logistics, so as to ensure the widest range of radiation, the fastest transport speed and the maximum support capacity, to clarify the areas under the jurisdiction of the strategic resources reserve, and subject the local and non-governmental commercial strategic resources reserve to its operational guidance and supervision; and third, reasonably guide market expectations by regularly releasing information on the strategic resources reserve, etc. , to prevent drastic fluctuations in supply and demand in the course of economic operation, and to promote the integration of the Non-ferrous metal into the financial risk prevention system. 

Source: Shanghai non-ferrous Metal Net

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