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In search of a new China: mineral demand in South and Southeast Asia

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  • David Humphreys

    (Dundee University)

Abstract

China’s industrialisation transformed global markets for mineral commodities. As growth in China slows and becomes less material intensive, the question arises whether countries of South and Southeast Asia can take up the baton from China and give a further boost to global mineral demand. The economic prospects of South and Southeast Asia are undoubtedly promising, helped by growing populations and a fast-expanding middle class. However, the model of growth being embraced by these countries is different from that of China and likely to be less material intensive. Also, many of them are economically coming off a very low base. With respect to the supply of minerals to the region, the impact of India’s growth on global mineral markets will be limited by the fact that many of India’s mineral needs can be met from domestic sources. In Southeast Asia, some of the mineral requirements will be met from domestic resources while some of its requirements for finished metals will likely continue to be met from China which is a heavy investor in the region and which has massive surplus metallurgical capacity.

Suggested Citation

  • David Humphreys, 2018. "In search of a new China: mineral demand in South and Southeast Asia," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 31(1), pages 103-112, May.
    • Handle: RePEc:spr:minecn:v:31:y:2018:i:1:d:10.1007_s13563-017-0118-7
    DOI: 10.1007/s13563-017-0118-7
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    References listed on IDEAS

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    1. World Bank, 2017. "World Development Indicators 2017," World Bank Publications - Books, The World Bank Group, number 26447.
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    2. Carol A. Dahl, 2020. "Minerals: What Are They and What Makes Them Critical?," Working Papers 2020-04, Colorado School of Mines, Division of Economics and Business.
    3. Dimitra Ioannidou & Guido Sonnemann & Sangwon Suh, 2020. "Do we have enough natural sand for low‐carbon infrastructure?," Journal of Industrial Ecology, Yale University, vol. 24(5), pages 1004-1015, October.
    4. Carol Dahl & Ben Gilbert & Ian Lange, 2019. "Prospects for Mining Asteroids: Into this World or Out of the Question," Working Papers 2019-03, Colorado School of Mines, Division of Economics and Business, revised Jan 2021.
    5. Johannes Perger, 2022. "Regional shifts in production and trade in the metal markets: a comparison of China, the EU, and the US," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 35(3), pages 627-640, December.
    6. Naoki Sekiguchi, 2019. "Steel trade structure and the balance of steelmaking technologies in non-OECD countries: the implications for catch-up path," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 32(3), pages 257-285, November.

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