In recent years, in order to meet the growing demand for copper products, global copper mine production has shown an increasing trend. However, the decline in copper ore grade is also an indisputable fact. Against this background, mines have created a demand for wear-resistant spare parts.
Aiming at the broad prospects of the wear-resistant spare parts market, Jiangxi Naipu Mining Machinery Co., Ltd. (hereinafter referred to as “Naipu Mining Machinery”) continues to increase the layout of high-end products.
On July 12, Naipu Mining Machinery stated that the company’s forged composite linings have significant advantages in terms of better wear resistance, improved mill efficiency, reduced energy consumption, and reduced lining replacement and installation time.
The company’s first set of forged composite linings has been used in a complete set of 7.5-meter semi-autonomous grinding machines in Zhibula, Tibet. According to the use results, the service life has been nearly doubled compared to the original cast metal linings. At the same time, the ore processing volume and equipment efficiency have been significantly improved, and the unit consumption of electricity and steel balls have also been effectively reduced.
The wear-resistant spare parts market has broad prospects
According to data, Naipu Mining Machinery is a professional manufacturer of heavy-duty mining mineral processing equipment and new material wear-resistant spare parts integrating R&D, production, sales and service. It provides customers with value-added services such as heavy-duty mineral processing equipment optimization, mineral processing process design, consultation and optimization, especially wear-resistant spare parts products, which are the main products of Naipu Mining Machinery.
It is understood that the current global copper mines are generally facing the problem of too long mining life, and the global copper mine grade is showing a gradual downward trend. Looking at the average copper mining grade of 18 major overseas mining companies included in Bloomberg, the ore grade mining has declined significantly.
However, contrary to the decline in copper resource grades, global copper mine production is showing an increasing trend to meet the growing demand for copper products.
The decrease in ore grade means that the amount of metallic copper that can be obtained per unit of ore is reduced, and it will make the ore more difficult to grind.
Mining companies can only maintain output growth by opening new mines, increasing the consumption of mineral processing spare parts, and improving the mineral processing efficiency of mineral processing equipment.
At the same time, after the mine grade declines, due to the increase in consumables, processing fees and service fees, mining companies are more inclined to choose rubber spare parts with good wear resistance and long service life to increase production.
“Due to the harsh operating conditions of mineral processing in mines, which cause a large loss of mineral processing equipment, mining companies usually frequently replace mineral processing spare parts to reduce the loss of equipment hosts. Therefore, the mining industry has a greater demand for mineral processing spare parts and is sustainable, so that the sales volume of mineral processing spare parts can maintain a certain stability.” Relevant experts said, “In addition, reducing the total investment in fixed assets in the mining industry has a negative impact on mineral processing.
The demand for mining spare parts has a smaller impact. Even in the downturn of the industry, the development of mineral processing spare parts can remain stable.
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By focusing on the mid-to-high-end wear-resistant spare parts market, the proportion of overseas exports of Nip Mining Machinery has continued to expand in recent years. The company stated that its future focus is to develop overseas markets. In the future, the company’s export revenue will increase to more than 80%. The increase in the proportion of overseas revenue will also increase the company’s overall gross profit margin.
Build a hard-core “hit product”
It is understood that Naipu Mining Machinery has a first-mover advantage in the field of research and development of polymer composite wear-resistant materials. The polymer composite wear-resistant material mineral processing spare parts developed and manufactured by the company are superior to traditional metal material spare parts in many aspects such as wear resistance, corrosion resistance, and environmental protection, forming a certain substitution effect on traditional metal material spare parts on the market.
With continuous efforts in the field of wear-resistant spare parts, high-end products of Naipu Mining Machinery continue to emerge. The company’s latest forged high-alloy composite liner is a leading product that the company focuses on.
Recently, the person in charge of Naip Mining Machine said in an investigation: “The company is very optimistic about the prospect of forged composite linings. Forged composite linings can effectively supplement the company’s market gap in the mill barrel, further improve the company’s product system, enhance the company’s market size and core competitiveness, this product will become the core driving force for the company’s future performance growth.”
According to Fortune Business
According to Insights data, the global mill lining market will grow from approximately US$2 billion in 2023 to approximately US$3 billion in 2032.
At present, Naipu Mining Machinery has reached usage agreements with many large mines at home and abroad, and will be installed and used one after another in the third quarter.
By the end of this year and the first quarter of next year, the company will have successful cases of use on different working conditions and different models of mills, which will lay a good foundation for the company to further promote this new product to the market.
“Compared with the four-month lifespan of the previous metal lining plate, the newly developed composite lining plate is expected to have a lifespan more than doubled, which can effectively reduce the number of shutdowns, increase mine output and economic benefits, and reduce the weight by 30%, which is conducive to saving energy costs. The launch of new products will further open up the company’s growth ceiling and bring new performance growth momentum to the company.” said the person in charge of Naipu Mining Machinery.
