The Evolution Of Global Copper Industry Chain And The Strategic Choice Of Jiangxi Province

As one of the earliest used metals,copper is widely used in electronics,transportation,construction and other fields.In recent years,with the acceleration of industrialization in developing countries,the demand for copper is increasing.China is a big copper demand country in the world.As the province with the most abundant copper resources in China,Jiangxi has formed a relatively complete industrial chain of mining,sorting,smelting and processing,showing the characteristics of increasing copper output,copper processing capacity and product quality.It has initially established a copper industry with competitive advantages in the country.But at the same time,there are still many problems and contradictions in the development of copper industry in Jiangxi Province,such as unreasonable industrial regional layout and prominent industrial structural contradictions.In February 2019,Jiangxi Province issued the "2+6+N" industrial high quality leap forward development action plan(around 2019-2023)",and the non-ferrous metal industry has become a key supporting industry in Jiangxi Province.Novel coronavirus pneumonia is a key industry in the nonferrous metals industry.To minimize the adverse effects of the new crown pneumonia epidemic and promote the steady development of the copper industry,in April 2020,the Jiangxi Provincial People's government launched the chain system of industrial chain,and proposed further extending the industrial chain,upgrading the value chain and supplying the supply chain,and accelerating the transformation and upgrading of the industrial chain.To provide solid support for Jiangxi's high-quality leap forward development.This paper is divided into six chapters.The first chapter is the introduction.The second chapter is literature review,which mainly analyzes the existing research results of industrial chain and copper industrial chain.The third chapter is the development status of global copper industry chain.It mainly analyzes the development status of domestic and foreign copper industry chain and Jiangxi copper industry chain.Specifically,it analyzes the upstream of copper industry chain from copper ore and copper concentrate,the midstream of refined copper,and the downstream from scrap copper and application fields.Chapter 4 is the evolution trend analysis of global copper industry chain pattern,which is divided into supply and demand,trade and pricing pattern evolution.Supply and demand pattern focuses on the analysis of upstream and midstream,trade pattern studies upstream,midstream and downstream,and pricing pattern focuses on midstream.After confirming the tight supply and demand of copper resources,this paper uses social network analysis to study the evolution trend of trade pattern,selects upstream copper ore,midstream refined copper and downstream scrap copper as the research objects,and comparatively analyzes the network density,centrality,clustering coefficient and other indicators of world copper industry chain trade.Then it analyzes the price fixing Bureau of copper industry chain,and uses VAR model to study the relationship between LME(London Metal Exchange)copper price and SHFE(Shanghai Futures Exchange)copper price.Chapter 5 is about the opportunities and challenges faced by Jiangxi copper industry chain under the background of global copper industry chain pattern evolution.The sixth chapter is the strategy research of Jiangxi to deal with the evolution of copper industry chain pattern,and puts forward some suggestions for the above problems.Based on the above analysis,this paper draws the following main conclusions:from the perspective of the upstream of the copper industry chain,the holding enterprises behind the world's major mines have formed a relatively stable oligopoly pattern,and the global mine business layout of Jiangxi copper group still has a larger growth space.The upstream trade pattern of copper industry chain is greatly affected by the mine capacity,and the new mine projects and expansion projects have a certain impact on the supply of copper ore.At the same time,the epidemic is expected to have a greater impact on the mine production capacity in the next 3-5 years.From the perspective of the middle reaches of the copper industry chain,different from the upstream copper ore trade,some countries are more sensitive to the refined copper trade in the middle reaches of the industry chain with their excellent deep processing technology.China's refined copper output ranks first in the world.Taking Guixi Smelter of Jiangxi copper as an example,its output ranks first in the world.On the other hand,China is still the world's largest importer of refined copper.After a long-term evolution,the global copper industry chain Pricing Bureau mainly depends on Futures Copper,and the trading variety is refined copper in the middle of the copper industry chain.Due to the trading mechanism and other reasons,the London Metal Exchange is still the pricing center of the international copper market with faster information transmission and higher market efficiency,while the Shanghai Futures Exchange has less impact on the international copper market,China lacks copper pricing power.From the perspective of the downstream of the copper industry chain,China is the world's largest copper consumer.The continuous growth of China's copper consumption drives the growth of global copper consumption.It is expected that the copper demand of China and other emerging Asian economies will continue to grow in the future.The copper scrap trade network generated by downstream copper consumption is not very tight,and the network density is small,and the number of trading partners is relatively stable.Based on the evolution trend of global copper industry chain pattern,Jiangxi Province,as the province with the highest self-sufficiency rate of domestic copper resources,has better opportunities for cross-border investment and location transfer advantages,but also faces problems such as environmental pollution and lack of deep processing technology.Finally,in view of the above problems,this paper thinks that the government should improve the industrial layout,optimize and upgrade the copper industry chain,strengthen the leading role of leading enterprises led by Jiangxi copper.Meanwhile,enterprises should one step into the "one belt,one road" pattern,and distribute copper resources globally,improve the upstream influence of copper industry chain,and strengthen the innovation capability.