On the date, the 2nd Mineral Resources Supply Chain Sustainable Ecosystem Developer Conference was held in Shanghai. The conference was co-hosted by the China Iron and Steel Association and China Mineral Resources Group (referred to as China Mineral Resources), with the support of the Metallurgical Industry Branch of the China Council for the Promotion of International Trade. At the event, the China Iron and Steel Association and China Mineral Resources jointly released the "Mineral Resources Supply Chain Sustainable Ecosystem Developer Initiative." Simultaneously, the China Mineral Resources Iron Ore Big Data Platform was launched, and a strategic cooperation signing ceremony between China Mineral Resources and the Bank of Communications was held.

It is understood that the China Mineral Iron Ore Big Data Platform is the first comprehensive platform covering the entire industrial chain supply chain of iron ore from exploration to smelting. The platform integrates cutting-edge information technologies such as privacy computing and industrial internet, collaborates with partners across the entire industrial chain of iron ore exploration, production, supply, storage, and sales to build an industry-trusted data space, constructs a data co-governance and sharing platform, and provides users with precise and diversified data product services. It fully leverages the innovative driving forces of "Artificial Intelligence +" and "data elements" to serve the high-quality development of the industry.

The platform, developed and constructed by China Mineral Data Co., Ltd., establishes thousands of data indicators covering resource distribution, production and transportation, various inventories, and market trends. It closely tracks data from major commodity futures and spot exchanges, iron ore dedicated berths, steel production bases, and shipping vessel dynamics, providing global iron ore commodity industry clients with comprehensive, multi-angle information and data analysis on a daily basis.

The opening ceremony was addressed by Mr. Yao Lin, President of the China Iron and Steel Association and Chairman of China Mineral Resources Group, Mr. Jiang Wei, Vice President and Secretary-General of the China Iron and Steel Association, and leaders from relevant government departments. Mr. Huang Hanquan, Director of the China Macroeconomic Research Institute and Researcher, and Mr. Guo Bin, General Manager of China Mineral Resources Group, delivered keynote speeches. Over a hundred domestic and international guests and experts from government departments, industry associations, steel metallurgy, international mining companies, financial institutions, renewable resources, port and shipping, trade services, and research institutions attended the event.

In his speech, Yao Lin stated that following the convening of the first Mineral Resources Supply Chain Sustainable Ecosystem Developer Conference, the participating parties reached numerous agreements on promoting the construction of a sustainable ecosystem for the mineral resources supply chain. The mineral resources supply chain is undergoing profound and complex changes. The main players in the ecosystem should actively engage in dialogue, cooperate sincerely, forge ahead, face up to opportunities and challenges, jointly promote new developments in open cooperation, adhere to long-termism, build a new inclusive and harmonious business model, align with the trends of the times, cultivate new momentum for industrial development, and take on the responsibility for the sustainable development of the mineral resources supply chain.

Jiang Wei pointed out in his speech that in the first half of this year, the sales profit margin of key statistical steel enterprises was far lower than that of upstream main resource enterprises, resulting in a serious imbalance in the distribution of interests across the industrial chain. The continuous decline in the economic benefits of the steel industry will inevitably affect investments in product R&D, energy conservation and environmental protection, green and low-carbon initiatives, and employee benefits, which is not conducive to the sustainable development of the industry. Transforming and building a sustainable supply chain ecosystem is a subject that all enterprises in the supply chain need to seriously consider and actively address.

Guo Bin focuses on the sustainable ecological construction of the mineral resource supply chain, reviewing and scanning the new trends and situations in each link of the mineral resource supply chain over the past year. He analyzes the challenges posed to the supply chain by factors such as geopolitical conflicts and industry downturn pressures, points out the long-standing issues in the industry regarding market order, pricing mechanisms, supply chain digital intelligence, and green low-carbon development, and proposes thoughts and suggestions around the roles that sustainable ecological construction and development of the mineral resource supply chain should play.

At the meeting, the sustainable ecological partners in the mineral resource supply chain also delivered brilliant speeches from various perspectives, including the balance of iron ore pricing and the development of the steel industry chain and value chain, the development of new energy mining and overseas investment, the prospects for the development of steel raw materials, the construction of a collaborative, efficient, intelligent, and green port and shipping ecosystem, the deepening of full-chain cooperation to build a new ecosystem for shipping logistics, the green development of domestic mines, and the innovative development of bulk commodity supply chains.