Study on the Self-Sufficiency of Chromite Resources of China in the Next 15 Years
- https://doi.org/10.2991/edep-18.2018.63How to use a DOI?
- Chromite mineral; Self-sufficiency; Discounted cash flow model; Analysis of availability
In this paper, based on the DCF cash flow discount valuation model, and partly using the geological analogy method, we analyse the availability of chromite mineral in China by the provinces and deposits. We eventually calculated the availability data of chromite ore in China at different levels of internal rate of return and different price conditions from 2016 to 2030. With the corresponding results are price-tonnage diagrams, which can dynamically and precisely reveal the trend of chromite mineral availability of China in 2016 to 2030, and make prediction of future domestic demand annually 4 million 500 thousand tons of chromite. In order to promote the sustainable and healthy development of Chinese chromite industry, we propose some pertinent and feasible policies about the development of Chinese chromite resources, such as the technological breakthrough of the recovery rate of Stainless steel, optimization of the distribution of overseas resources supply, elimination or transfer of low end surplus Stainless steel, establishing the strategic reserve system etc.
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Guang-Yu JIANG PY - 2018/10 DA - 2018/10 TI - Study on the Self-Sufficiency of Chromite Resources of China in the Next 15 Years BT - Proceedings of the 2018 International Conference on Energy Development and Environmental Protection (EDEP 2018) PB - Atlantis Press SP - 405 EP - 413 SN - 2352-5401 UR - https://doi.org/10.2991/edep-18.2018.63 DO - https://doi.org/10.2991/edep-18.2018.63 ID - JIANG2018/10 ER -