What Other Factors Affect The Market Demand for Wear-resistant Accessories for Mine Crushing Equipment?

The market demand for wear-resistant accessories for mine crushing equipment is driven by multiple factors, including technology iteration and cost structure changes within the industry, as well as global economy, policy orientation and regional market characteristics. The following is a comprehensive analysis of key factors:

1、 Price fluctuation of raw materials and stability of supply chain

The price fluctuation of core raw materials (such as high chrome cast iron, tungsten carbide, molybdenum iron, etc.) of wear-resistant accessories directly affects the production cost. For example, in September 2025, the price of ferromolybdenum was affected by the adjustment of the Federal Reserve's monetary policy and the change of tariffs between China and the United States, which fell from 283000 yuan/t to 282000 yuan/t in a short period of time, resulting in the bearing of the cost of wear-resistant steel and other materials. At the same time, the regional layout of the global supply chain (such as the production base of CRS in Southeast Asia) indirectly improves the market competitiveness of wear-resistant accessories by shortening the transportation radius and reducing the logistics cost.

2、 Environmental protection policies and green production requirements

Strict global environmental protection policies promote the development of wear-resistant accessories to low-carbon and recyclable directions. The Guidelines for the Development of High-end Wear-resistant Material Industry issued by the Ministry of Industry and Information Technology of the People's Republic of China requires 3-5 world-class enterprises to be cultivated by 2025, so as to promote the industry concentration to above 70%; EU RoHS and REACH directives restrict the use of hazardous substances and compel enterprises to research and develop high environmental protection products such as non-asbestos friction materials and amorphous cermet. In addition, laser additive remanufacturing technology reduces the waste of resources by repairing old parts, so that the performance of repaired parts exceeds the level of new products, conforming to the trend of circular economy.

3、 Intelligent mine construction and equipment upgrading

The intelligent transformation of the mine accelerates the technical upgrading of wear-resistant accessories. For example, Huagang Mining deploys slope monitoring radar, robot stripping system and other intelligent equipment in Africa, which indirectly improves the demand for high-precision wear-resistant accessories by optimizing the production process through real-time data; NFC Africa Mining realizes mining design digitalization through 3D mining software DEMINE, and the drilling and blasting efficiency is improved from 86.5% to 95%, driving the growth of demand for long-life liner plate and hammer head. The popularization of intelligent monitoring systems (such as wireless wear measurement technology) enables enterprises to shift from passive replacement parts to predictive maintenance, reducing spare parts inventory but improving the requirements for precision and reliability of parts.

4、 Regional market differentiation and emerging demand

The stage of mining industry development and policy differences in different regions lead to demand differentiation:

African market: With the accelerated development of copper mines in Congo (Kinshasa), Zambia and other countries, intelligent mine projects (such as Huagang Copper-cobalt Mine and Chambishi Main Orebody Transformation) promote the demand for high-end wear-resistant accessories. In 2024, the growth rate of African wear-resistant parts market will reach 19%.

Southeast Asia market: Laos Wanda Gold Mine and other projects put forward higher requirements for wide body dump truck tires, loader accessories, etc. due to the complex terrain, and such enterprises as Race Wheel Group quickly respond to the demand through the localized supply chain.

European and American markets: strict energy efficiency standards (such as European Union ErP Directive) promote enterprises to purchase composite wear-resistant materials with low energy consumption and long service life. For example, high-chrome cast iron liner plate improves the ventilation area by 9.29% and the service life by 10% through structure optimization.

5、 Technology substitution and product structure upgrading

Breakthroughs in new materials and processes are reshaping the market:

Ceramic composite material: the hardness of Al2O3 ceramic lining plate reaches Mohs 9.0, the service life is 200 times of manganese steel, and the traditional metal fittings are gradually replaced in the bunker, chute and other scenes.

Rubber and macromolecular materials: Due to light weight and corrosion resistance, the permeability of rubber wear-resistant spare parts in beneficiation equipment increases from less than 15% to higher level, and the trend of large mill further promotes this replacement process.

Composite manufacturing technology: combined with metal base material and hard alloy layer, the service life of forged composite liner plate is more than twice as long as that of traditional casting liner plate, and the weight is reduced by 30% at the same time, making it the preferred product for large mines.

6、 Global Mining Investment Cycle and Metals Prices

Mining capex has a direct impact on equipment renewal requirements. In 2023, the global copper exploration capital expenditure will increase by 12% year-on-year to 3.12 billion dollars, hitting a 10-year high, driving the sales of crusher, ball mill and other equipment to increase, thus stimulating the purchase of wear-resistant parts. In addition, the demand for new energy metals such as lithium and copper boosts the capacity expansion of relevant mines. For example, the whole set of 7.5m-long semi-autogenous mill in Tibet adopts forging composite liner, and the ore processing capacity is significantly increased.

7、 Downstream industry cost pressure and efficiency demands

Mining enterprises' pursuit of "life - cost - efficiency" balance drives product upgrading. For example, the triangular structure design of high chrome cast iron grate eliminates the dead corner of ventilation, prolongs the service life by 10%, and reduces the energy consumption of unit ore treatment; Chromium series wear-resistant and heat-resistant cast iron can still maintain its performance under 700-800 ℃ high temperature environment, solving the industry problem of frequent failure of traditional products. This technology optimises both downtime losses and comprehensive operating costs.