全球锌工业市场前景及投资研究报告-外文版培训课件

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MARKETSZincindustryworldwideCHAPTER

01OverviewReservesofzincworldwidefrom2010to2023(inmillionmetrictons)Globalreservesofzinc2010-2023300250250250250250250250250200150100502302302302202202102000201020112012201320142015201620172018201920202021202220233Description:Theworld'sreservesofzinchavefluctuatedslightlyoverthelastdecade,standingbetween200and250millionmetrictons.In2023,reservesofzincworldwideamountedtoapproximately220millionmetrictons,upfrom210milliontonsinthepreviousyear.ReadmoreNote(s):Worldwide;2010to2023Source(s):USGeologicalSurveyLeadingcountriesbasedonzincreservesworldwidein2023(inmillionmetrictons)Globalzincreserves2023,bycountryReservesinmillionmetrictons300102040506070AustraliaChina6444RussiaPeru2521Mexico14IndiaKazakhstan7.46.76.66.2UnitedStatesSouthAfricaSweden4.1Othercountries254Description:Asof2023,Australiahadestimatedzincreservesof64millionmetrictons,makingitthecountrywiththelargestzincreservesworldwide.Chinahadthesecond-largestzincreservesatthattime,yetat44millionmetrictons,itwasabouttwo-thirdsofAustralia'sreserves.ReadmoreNote(s):Worldwide;2023;EstimatesSource(s):USGeologicalSurveyDistributionofzincreservesworldwidein2022,bycountryDistributionofglobalzincreservesbycountry2022Restofworld11%Sweden2%Canada1%UnitedStates4%India5%Australia27%China17%Kazakhstan4%Peru10%Russia12%Mexico7%5Description:In2022,Australiahadtheworld'slargestreservesofzinc,accountingfora27percentshareofthetotalglobalreserves.Chinahadthesecond-largestshareofglobalzincreservesatthattime,with17percent.ꢀThetotalreservesofzincworldwidewereestimatedat210millionmetrictonsinthatyear.ReadmoreNote(s):Worldwide;2022Source(s):NRCan;USGeologicalSurveyMineproductionofzincworldwidefrom2005to2023(in1,000metrictons)Globalmineproductionofzinc2005-202316,00014,00012,00010,0008,0006,0004,0002,00002005

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20236/statistics/264882/world-mine-production-of-zincIn2023,thetotalglobalproductionvolumeofzincfromminesreachednearly12.3millionmetrictons.Thatwasadecreaseofroughly1.3percentwhencomparedtothepreviousyear.Zincisoneoftheworld'smostwidelyusednon-ferrousmetals.

ReadmoreNote(s):Worldwide;2005to2023Source(s):ILZSGDistributionofzincmineproductionworldwidein2022,bycountryDistributionofglobalzincproductionbycountry2022Sweden1.8%Canada1.9%Kazakhstan1.0%Russia2.2%Bolivia4%Mexico5.8%UnitedStates6.0%China33.0%India6.5%Australia10%Restofworld15.7%Peru11.0%7Description:Chinawastheworld'slargestproducerofzincfrommines,producinga32.3percentshareofthetotalworldproductionin2022.Thesecond-largestzincproducingcountryatthattimewasPeru,accountingfora10.8percentshare.ꢀThetotalmineproductionofzincgloballystoodatapproximately13millionmetrictonsinthatyear.ReadmoreNote(s):Worldwide;2022Source(s):NRCan;USGeologicalSurveyLargestzincminesworldwidein2022,basedonproduction(in1,000metrictonsofzincconcentrate)Leadingglobalzincmines2022,basedonproductionProductioninthousandmetrictonsofzincconcentrate01002003004005006007008009001,000GhazaouetMine,Algeria(EntrepriseNationaledeMetallurgie&deTransformationdesMetauxnonFerreux)879.97RedDogMine,UnitedStates(TeckResources)RampuraAguchamine,India(VedantaResources)Vazante,Brazil(NexaResources)555434.24350MountIsaZinc,Australia(Glencore)282.4278.8McArthurRiver,Australia(Glencore)BashkirskayaMedMine,Russia(UralMiningandMetallurgical)GamsbergProject,SouthAfrica(VedantaResources)Pentasquito,Mexico(Newmont)222.31212.16188.69182FankouMine,China(ShenzhenZhongjinLingnanNonfemet)8Description:TheGhazaouetMine,agreenfieldminesituatedinTlemcen,Algeria,producedanestimated879,970metrictonsofzincin2022,therebymakingittheworld'smostproductivezincminethatyear.InsecondplacethatyearwasRedDogMine,locatedinAlaska,U.S.,withaproductionvolumeestimatedtohavebeen555,000metrictonsofzinc.ReadmoreNote(s):Worldwide;2022Source(s):GlobalData;MiningTechnologyProductionvolumeofzincmetalworldwidefrom2005to2023(in1,000metrictons)Zincmetalproductionvolumeworldwide2005-202316,00014,00012,00010,0008,0006,0004,0002,00002005

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20239Description:In2023,approximately13.9millionmetrictonsofrefinedzincmetalintotalwasproducedworldwide.Chinawasbyfartheworld'slargestproducerofzincfromminesthatyear.ReadmoreNote(s):Worldwide;2005to2023Source(s):ILZSGCHAPTER

02TradeLeadingexportersofzincworldwidein2022,bycountry(inbillionU.S.dollars)Leadingglobalzincexportingcountries2022,basedonvalueExportvalueinbillionU.S.dollars1,00005001,5002,0002,500AustraliaBolivia2,1001,800UnitedStatesPeru1,6001,500SwedenTurkey584.3547.4BelgiumSouthAfricaRussia546.1531.8500.9Chile424MexicoPortugalKazakhstan399.1390.138311Description:In2022,Zincexportswereworthaglobaltotalof14.2billionU.S.dollars.TheleadingexportersthatyearwereAustralia,Bolivia,andtheUnitedStates,whoseexportsamountedto2.1billionU.S.dollars,1.8billionU.S.dollars,and1.6billionU.S.dollars,respectively.ReadmoreNote(s):Worldwide;2022Source(s):CIA(TheWorldFactbook);Forbes;TradeMap;Value.Today;WTExDistributionofzincexportsworldwidein2022,bycountryShareofglobalzincexportsin2022,bycountryShareofexports0%2%4%6%8%10%12%14%16%AustraliaBolivia14.8%12.8%UnitedStatesPeru11.2%10.8%SwedenBelgiumTurkey4.1%3.8%3.8%3.7%SouthAfricaRussia3.5%ChileMexicoPortugalKazakhstan3%2.8%2.7%2.7%12/statistics/1388635/global-zinc-export-share-by-countryAustraliawastheworld'sleadingzincexportingcountryintheworldin2021,havingaccountedfora14.8percentshareofglobalzincexportsbasedonvalue.Boliviawasthesecond-leadingzincexporterthatyear,accountingfor12.8percentofexports.ReadmoreNote(s):Worldwide;2022;shareofexportsbasedonvalueSource(s):CIA(TheWorldFactbook);Forbes;TradeMap;Value.Today;WTExLeadingimportersofzincoresandzincconcentratesworldwidein2022,bycountry(inmillionU.S.dollars)Globalleadingzincimportingcountries2022,basedonvalueImportvalueinmillionU.S.dollars05001,0001,5002,0002,5003,0003,5004,0004,5005,0005,500ChinaSouthKoreaSpain4,771.862,356.261,348.83Canada1,267.221,135.16JapanFinland744.77Norway447.29400.22341.8302.57NetherlandsGermanyBrazil13Description:In2022,over4.7billionU.S.dollars'worthofzincoresandzincoresandconcentrateswereimportedintoChina,makingittheworld'sleadingimporterthatyear.Thesecond-largestimporterofzincatthattimewasSouthKorea,withanimportvalueofjustovertwobillionU.S.dollars.ReadmoreNote(s):Worldwide;2022;ZincoresandconcentratesSource(s):WITSCHAPTER

03CountriesMajorcountriesinworldwidezincmineproductionin2023(in1,000metrictons)Globalzincproduction2023,byleadingcountryProductioninthousandmetrictons05001,0001,5002,0002,5003,0003,5004,0004,500ChinaPeru4,0001,400AustraliaIndia1,100860UnitedStatesMexico750690Bolivia490KazakhstanRussia330310SouthAfricaSweden230220Restofworld1,80015Description:In2023,China'szincminesproducedapproximatelyfourmillionmetrictonsofzinc.Accordingly,Chinaistheworld'slargestproducerofthebasemetalzinc.PeruandAustraliawerethesecond-andthird-largestzincminingcountriesintheworldin2023,respectively.ReadmoreNote(s):Worldwide;2023;allfiguresareestimated;*Estimated.ReadmoreSource(s):USGeologicalSurveyProductionvolumeofzincinChinafrom2010to2023(in1,000metrictons)China'szincproductionvolume2010-20236,0005,0004,9004,9305,0004,0003,0002,0001,00004,5004,4004,3104,3004,2104,1704,1404,0604,0404,0003,70020102011201220132014201520162017201820192020202120222023*16Description:China'smineproductionofzincamountedtoanestimated4.0millionmetrictonsin2023.Chinesezincproductionpeakedin2013atfivemillionmetrictons.ReadmoreNote(s):China;2010to2023;*Estimate.Figuresforearlieryearshavebeentakenfrompreviouspublications.ReadmoreSource(s):USGeologicalSurveyZincmineproductioninPerufrom2010to2022(inmillionmetrictons)ZincmineproductioninPeru2010-20221.61.51.51.51.471.41.41.41.41.21.00.80.60.40.20.01.31.31.31.31.281.26201020112012201320142015201620172018201920202021202217Description:Peru'szincmineproductionamountedto1.4millionmetrictonsin2022,downfrom1.5milliontonsinthepreviousyear.In2020,despiteastrongproductioninthefirsttwomonths,zincproductioninthecountrydecreasedbyover86percentinApril,whencomparedtothesamemonthin2019.ThisdecreaseinzincproductionwasaresultofquarantinemeasuresinthefaceofCOVID-19,leadingthemajorityofminingcompaniestosuspendoperations,maintaingonlycriticalactivities.

ReadmoreNote(s):2010to2022;MetrictonsofmetalcontentSource(s):MinisteriodeEnergíayMinas(Peru)MineproductionofzincinIndiafrom2020to2022(in1,000metrictons)ZincmineproductioninIndia2020-2022900830810800700600500400300200100072020202021202218Description:In2022,theproductionvolumeofzincacrossIndiaamountedtonearly830thousandmetrictons.Thisrepresentedanincreaseincomparisontothepreviousyear.

ReadmoreNote(s):India;2010to2022Source(s):NRCanMineproductionofzincintheUnitedStatesfrom2016to2023(in1,000metrictons)ZincmineproductionintheU.S.2016-2023900824805774800700600500400300200100076175375072370420162017201820192020202120222023*19Description:TheUnitedStatesproducedanestimated750,000metrictonsofzincin2023.MineproductionofzincintheNorthAmericancountrydroppedapproximately1.4percentthatyear,whencomparedto2022.

ReadmoreNote(s):UnitedStates;2016to2023;*EstimateReadmoreSource(s):USGeologicalSurveyProductionvolumeofzincworldwidein2022,bypoliticalstabilityofproducercountries(in1,000metrictons)Productionvolumeofzincglobally2022,bypoliticalstabilityofproducers10,0009,0008,0007,0006,0005,0009,316.34,0003,095.33,0002,0001,0000350.48StableFairUnstableExtremelyunstable20Description:In2022,countriesclassifiedaspoliticallyunstableaccountedforthelargestshareofglobalzincproduction.Thatyear,approximately9.3millionmetrictonsofzincwereproducedbypoliticallyunstablecountries.Incomparison,around350,477metrictonsofzincwereproducedbyextremelypoliticallyunstablecountries.ReadmoreNote(s):Worldwide;2022Source(s):BMLRT(Österreich)CHAPTER

04CompaniesMarketcapitalizationofselectedzincminingcompaniesworldwideasofJanuary2024(inbillionU.S.dollars)Selectedzincminingcompaniesmarketcapitalization2024MarketcapitalizationinbillionU.S.dollarsJanuary202420December2022300104050607064.86SouthernCopperCorporationSaudiArabianMiningCompanyTeckResrouces47.2147.1141.8121.0819.6116.1416.03HindustanZinc6.9FirstQuantumMineralsVedanta14.1911.8513.310.08South3212.498.33BolidenAB10.37.728.336.28KoreaZincCompanyLundinMiningCompany4.7622Description:ZincminerSouthernCopperCorporationhadamarketcapitalizationof64.86billionU.S.dollarsasofJanuary5th,2024,andthuswastheworld'sleadingzincproducerbasedonmarketcap.SaudiArabianMiningCompanycameinsecond-placeatthattime,withamarketcapof47.11billionU.S.dollars.ReadmoreNote(s):Worldwide;January2024Source(s):Value.Today;Varioussources(Companydata)ProductionvolumeofzincbyselectedminingcompaniesworldwidefromQ12022toQ32022(inmetrictons)Zincproductionofselectedleadingzincminers2022ProductioninthousandmetrictonsQ12022200,000Q22022300,000Q32022400,0000100,000500,000600,000700,000800,000Glencore(Switzerland)HindustanZinc(India)TeckResources(Canada)ZijinMiningGroup(China)IndustriasPeñoles(Mexico)NexaResourcesS.A.(Brazil)Boliden(Sweden)MMG(Australia)Newmont(U.S.)Lundin(Sweden)NewCenturyResources(Australia)BHP(Australia)23Description:GlencorePLCwastheworld'slargestzincproducingcompanythroughoutthefirstthreequartersof2022,althoughthecompany'szinc-in-concentrateproductionannouncementsdecreasedconsistentlyfromthefirstquarterof2022tothethirdquarter.HindustanZincwasconsistentlythesecond-largestzinccompanyduringthesametimeframe,withaproductionannouncementofnearly200,000metrictonsofzin-in-concentrateinthethirdquarterof2022.ReadmoreNote(s):Worldwide;Q12022toQ32022;zinc-in-concentrateproductionannouncementsSource(s):S&PGlobalMarketIntelligenceGlencore'ssalesofmetalsandmineralsfrom2015to2023Glencore'ssalesofmetalandmineralproducts2015-2023201520162017201820192020202120222023Coppermetalandconcentrates(inmillionmetrictons)*3.13.544.54.13.43.13.63.3Zincmetalandconcentrates(inmillionmetrictons)*3.11.122.813.20.93.11.12.812.71.12.40.82.50.7Leadmetalandconcentrates(inmillionmetrictons)*0.9Gold(inmillionounces)1.989.323152.192.12217.6289.12048.7281.419992.168.31819.5264.91498.51.865.52029.31.9692.150.92349.6Silver(inmillionounces)Nickel(inthousandmetrictons)2638.4Ferroalloysincl.agency(inmillionmetrictons)Cobalt(inthousandmetrictons)Alumina/aluminium(inmillionmetrictons)Ironore(inmillionmetrictons)3911.447.14210.747.7-10.278.413.641.210.279.6117.28.9107165.567.149.924/statistics/314958/metal-and-mineral-products-sold-by-glencore-xstrataGlencoreisagloballyoperatingcompany,andtheworld'sleadingcommoditiestradingcompany.In2023,some2.5millionmetrictonsofzincmetalandconcentratesweresold.GlencoreplcwasformedinMay2013throughamergerwithXstrata.

ReadmoreNote(s):Worldwide;2015to2023;*Estimatedmetalunitcontained.InMay2013,GlencoreXstratawasnewlyformed.

Thisstatisticwasassembledfromseveralannualreports.Cobaltsalesdatafor2015,and2018to2022notavailable.

ReadmoreSource(s):GlencoreZincproductionofTeckResourcesfrom2013to2023(in1,000metrictons)TeckResourceszincproduction2013-2023Concentrated*Refined**80070570060050040030020010006606626586596506406446236075873123103073033052902872772792672492013201420152016201720182019202020212022202325Description:In2023,TeckResourcesproducedsome644,000metrictonsofconcentratedzinc,andaround267,000metrictonsofrefinedzinc.WithzincminingoperationsinCanada,Peru,andtheUnitedStates,TeckResourcesisoneoftheworld'sleadingproducersofminedzinc.ReadmoreNote(s):Canada;2013to2023;*Zinccontainedinconcentrate:fromRedDogandAntaminamines.**Refinedzinc:TrailOperations.Thisstatisticwasassembledusingmorethanoneeditionofthereport.

ReadmoreSource(s):TeckResourcesCHAPTER

05ConsumptionProductionandconsumptionofrefinedzincworldwidefrom2012to2023(in1,000metrictons)Globalrefinedzincproductionandconsumption2012-2023201220142016201820202022202316,00014,00012,00010,0008,0006,0004,0002,0000MineproductionMetalproductionMetalusage27Description:In2023,theglobalmineproductionofzincamountedtosome12.26millionmetrictons,whilethemetalproductionofrefinedzincamountedto13.86millionmetrictons.Theglobalmetalusageofrefinedzincinthatyearcametosome13.66millionmetrictons.ReadmoreNote(s):Worldwide;2012to2023Source(s):ILZSGConsumptionvolumeofofrefinedzincworldwidefrom2005to2023(in1,000metrictons)Globalzincconsumption2005-202316,00014,00012,00010,0008,0006,0004,0002,00002005

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202328Description:In2023,approximately13.66millionmetrictonsofrefinedzincwasconsumedworldwide.ReadmoreNote(s):Worldwide;2005to2023Source(s):ILZSGDistributionofzincconsumptionworldwidein2022,byenduseGlobalshareofzincenduse2022,bycategorySemi-manufacturers5%Oxides&chemicals9%Other2%Brass&casting11%Galvanizing60%Die-castingalloys13%29Description:Galvanizationmadeup60percentoftheglobalconsumptionvolumeofzincin2022.Zinc-galvanizingcanprotectironandsteelfromcorrosion,thusallowing,forexample,galvanizedsteeltobeusedforindustrialroofing,appliances,andautomobilemanufacturing.Die-castingalloys,whichaccountedfora13percentshareofzincconsumptionworldwidethatyear,canbeusedforawidevarietyofapplicationsrangingfromhouseholdfixturestojewelryandenginecomponents.

ReadmoreNote(s):Worldwide;2022Source(s):NRCan;Varioussources(InternationalZincAssociation(IZA))Demandforzincworldwidein2020,withforecastfiguresfor2025and2030,byrenewableenergytype(inmetrictons)Globalzincdemandforecast,byenergytype2020-2030SolarOffshorewindStoragebattery400,000350,000300,000250,000200,000150,000100,00050,000020202025203030Description:Theglobalzincdemandforrenewableenergytechnologiesisforecasttocontinuouslyincreaseduringthenextdecade,from109,300metrictonsin2020to364,000in2030.Solarenergyisexpectedtoaccountforthelargestshareofthiszincconsumption,withaforecastvolumeof162,000metrictonsin2030.ReadmoreNote(s):Worldwide;2020Source(s):CRUGroup;IRENA;VisualCapitalistCHAPTER

06PriceLondonMetalExchangezincpricefrom2010to2023(inU.S.dollarscashperpound)ZincpriceperpoundattheLondonMetalExchange2010-20231.81.61.41.21.581.361.331.311.21.161.0310.980.980.951.00.80.60.40.20.00.880.880.8720102011201220132014201520162017201820192020202120222023*32Description:In2023,thepriceofzincattheLondonMetalExchangestoodataround1.20U.S.dollarsperpound,a38centdecreasefromthepreviousyear'sprice.Zincmetalisabasemetalwhich–amongotherthings–isusedasamaterialtomanufacturesmartphones.ReadmoreNote(s):Worldwide;2010to2023;*EstimateThisstatistichasbeenassembledusingseveraleditionsofthereport.Figureshavebeenrounded.

ReadmoreSource(s):LME;USGeologicalSurveyAveragepricesforzincworldwidefrom2014to2025(innominalU.S.dollarspermetricton)Averagepricesforzincworldwidefrom2014to20254,0003,5003,0003,4813,0032,9222,8912,5502,5002,5002,4002,5002,1612,2662,0901,9322,0001,5001,00050002014201520162017201820192020202120222023*2024*2025*33Description:In2022,theaveragepriceforzincstoodat3,481nominalU.S.dollarspermetricton.Thisstatisticdepictstheaverageannualpricesforzincfrom2014to2022,withforecastfiguresfor2023and2025.

ReadmoreNote(s):Worldwide;2014to2025*;*Forecasts.ReadmoreSource(s):WorldBankMonthlypricesforzincfromJanuary2014toJanuary2024(innominalU.S.dollarspermetricton)MonthlypricesforzincworldwidefromJanuary2014toJanuary20245,0004,5004,0003,5003,0002,5002,0001,5001,000Jan

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