Analysis of the situation of geological prospecting industry in the first half of 2021 and the development of geological prospecting industry during the 13th Five-Year Plan period

The global economy is expected to grow by 5.6% in 2021 and China by 8.5%.In June 2021, the World Bank released its Global Economic Outlook report, predicting that the world economy will grow by 5.6% in 2021, the highest growth since the Great Depression of 1929-1933.The report noted that developed countries, especially the U. S., will grow up to 6.8% in 2021, Japan for 4.2% and 2.9% respectively; emerging-market and developing economies by 6%, with China by 8.5%; low-income countries severely affected by the outbreak, weak recovery and 2.9% in 2021.

The 2021 exploration budget is expected to grow 25% by ~ 35%.The global 2020 exploration budget for nonferrous metals fell 11% to $8.7 billion from $9.8 billion in 2019.Metal prices were strong in the first half of 2021, and S & P Global Market Intelligence forecast a 2021 global exploration budget of 25% ~ 35% over 2020.Looking ahead to 2022, most metal prices are expected to weaken gently and the exploration budget will increase again but not much.From 2023 to 2025, global economic growth will return to softer levels as the impact of COVID-19 weakens, and the exploration budget is expected to fall slightly.

The Institute of Geological Exploration Industry of China Institute of Natural Resources Economics and the Geological Exploration Industry Professional Committee of China Association of Geology and Mineral Economics analyzed and studied the development of China's geological exploration industry during the 13th Five-Year Plan period, and its development showed the following characteristics:

I. The scale of the geological prospecting team is gradually shrinking.During the 13th Five-Year Plan period, the overall number of in-service employees in non-oil and gas units showed a downward trend, with the total number of employees falling from 466,600 in 2016 to 405,600 in 2020.

II. The income of geological prospecting units has gradually increased.During the 13th Five-Year Plan period, the total revenue of non-oil and gas units showed an overall growth trend, especially in the past two years.In 2020, the total revenue of non-oil and gas units was 330.093 billion yuan, up 17.3% from the previous year and 92.4% from the total revenue in 2016.Among them, the income of engineering exploration and construction, and the income of territorial management geological prospecting units, increased significantly.

III.The per capita salary of employees has increased steadily.During the 13th Five-Year Plan period, the per capita wage of non-oil and gas units practitioners increased steadily, and the per capita salary increased from 67,900 yuan / year in 2016 to 107,100 yuan / year in 2020, up 57.7%.

IV. Reduce the net value of special instruments and equipment for geological exploration.During the "13th Five-Year Plan" period, the net value of special instruments and equipment for geological exploration for non-oil and gas units decreased, from 14.702 billion yuan in 2016 to 12.925 billion yuan in 2020, reduced by 12.1%.

Source: China's land and resources economy, China's geological and mineral economy