latinindustry

Judging from the coal industry, it is learned that China will create new coal mine with size about 300 million tons, and industrial restructuring will occur by strong integration and retrofitting existing coal mines, closing small coal mines, eliminating coal mines with backward production capacity, so as to accelerate the construction of large coal mining bases and large modern coal mining, which will provide good opportunities for development of coal mining machinery enterprises in China.

Coal is the primary energy in China, and material base indispensable to the national economy and social development, so coal occupies an important role in Chinas energy structure. Entering the 21st century, coal industry has made rapid development in China. Coal is an important basic industry, and Chinas coal production ranks the first in the world, so China is a coal-producing country, China coal industry now has the ability to design, construct and manage open-pit coal mines and large and medium mines. Modern mechanized equipment, efficient fully mechanized driving equipment and large open pit stripping, mining, transportation, and other equipment will be used more in large and medium coal mines.

Mining machinery and equipment is used for serving mineral resources companies, so mining machinery industries are on the same chain with coal, iron ore, zinc and other nonferrous metals. From the perspective of industrial chain transmission, the boom of mining industry will tend to pass to the mining machinery and equipment industry. The boom of mining will trigger the industry to put more capital and increase exploration efforts in mining mines, expanding demand for mining equipment. Meanwhile, the scale of mineral development also increases the demand for mining equipment.

Recently, mining machinery and equipment stocks ushered in the new opportunity to rise. Some media reported that mining machinery is facing a new round of industry needs, especially crushing machine, grinding machine, ore dressing machine, cement making machine and many other devices.