IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v49y2016icp315-322.html
   My bibliography  Save this article

Analysis of iron in-use stocks in China

Author

Listed:
  • Yue, Qiang
  • Wang, Heming
  • Gao, Chengkang
  • Du, Tao
  • Li, Mingjun
  • Lu, Zhongwu

Abstract

The continuous rapid increase of steel production and consumption in China since the year 2000 has led to a substantial shift in iron stocks from lithosphere to anthroposphere, making it essential to perform an in-use stock analysis of iron for China. The top-down and bottom-up methods—the most widely used approaches in analyzing in-use metal stocks—are simply introduced. Two other methods, the average use life method and the fixed assets depreciation method, are employed in this study and their results compared. The average use life method is used to analyze Chinese iron in-use stocks and the average age. Some results are obtained: iron in-use stock was 5523.9 million tons in 2013 and average age was relatively high in the period 1993–2000 (about 8.2 years) and dropped after the year 2000. The fixed asset depreciation method is applied to analyze depreciated iron in-use stock and gross domestic product (GDP) generated per unit depreciated iron in-use stock for China. The results demonstrated that the use efficiency of iron in-use stock slowly increased during the period 1993–2002, but has continually decreased since the year 2002. Scenario analysis of future iron in-use stock per capita in China is presented and the corresponding average age and GDP generated per unit depreciated iron in-use stock are calculated.

Suggested Citation

  • Yue, Qiang & Wang, Heming & Gao, Chengkang & Du, Tao & Li, Mingjun & Lu, Zhongwu, 2016. "Analysis of iron in-use stocks in China," Resources Policy, Elsevier, vol. 49(C), pages 315-322.
    • Handle: RePEc:eee:jrpoli:v:49:y:2016:i:c:p:315-322
    DOI: 10.1016/j.resourpol.2016.07.001
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420716301830
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2016.07.001?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Albonico, Alice & Kalyvitis, Sarantis & Pappa, Evi, 2014. "Capital maintenance and depreciation over the business cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 39(C), pages 273-286.
    2. Ling Zhang & Zengwei Yuan & Jun Bi, 2012. "Estimation of Copper In‐use Stocks in Nanjing, China," Journal of Industrial Ecology, Yale University, vol. 16(2), pages 191-202, April.
    3. Chen, Wei-Qiang & Graedel, T.E., 2012. "Dynamic analysis of aluminum stocks and flows in the United States: 1900–2009," Ecological Economics, Elsevier, vol. 81(C), pages 92-102.
    4. Claudia R. Binder & T. E. Graedel & Barbara Reck, 2006. "Explanatory Variables for per Capita Stocks and Flows of Copper and Zinc," Journal of Industrial Ecology, Yale University, vol. 10(1‐2), pages 111-132, January.
    5. Spatari, S. & Bertram, M. & Fuse, K. & Graedel, T. E. & Rechberger, H., 2002. "The contemporary European copper cycle: 1 year stocks and flows," Ecological Economics, Elsevier, vol. 42(1-2), pages 27-42, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Li, Wenlong & Huang, Shupei & Qi, Yabin & An, Haizhong, 2022. "RDEU hawk-dove game analysis of the China-Australia iron ore trade conflict," Resources Policy, Elsevier, vol. 77(C).
    2. Dai, Tiejun & Yue, Zhongchun, 2023. "The evolution and decoupling of in-use stocks in Beijing," Ecological Economics, Elsevier, vol. 203(C).
    3. Kermeli, Katerina & Edelenbosch, Oreane Y. & Crijns-Graus, Wina & van Ruijven, Bas J. & van Vuuren, Detlef P. & Worrell, Ernst, 2022. "Improving material projections in Integrated Assessment Models: The use of a stock-based versus a flow-based approach for the iron and steel industry," Energy, Elsevier, vol. 239(PE).
    4. Li, Shupeng & Wang, Zhe & Yue, Qiang & Zhang, Tingan, 2022. "Analysis of the quantity and spatial characterization of aluminum in-use stocks in China," Resources Policy, Elsevier, vol. 79(C).
    5. Wang, Minxi & Chen, Wu & Zhou, Yang & Li, Xin, 2017. "Assessment of potential copper scrap in China and policy recommendation," Resources Policy, Elsevier, vol. 52(C), pages 235-244.
    6. Song, Yunting & Wang, Nuo & Yu, Anqi, 2019. "Temporal and spatial evolution of global iron ore supply-demand and trade structure," Resources Policy, Elsevier, vol. 64(C).
    7. Li, Yun & Yue, Qiang & He, Junhao & Zhao, Feng & Wang, Heming, 2020. "When will the arrival of China's secondary aluminum era?," Resources Policy, Elsevier, vol. 65(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chen, Wu & Wang, Minxi & Li, Xin, 2016. "Analysis of copper flows in the United States: 1975–2012," Resources, Conservation & Recycling, Elsevier, vol. 111(C), pages 67-76.
    2. Wang, Minxi & Chen, Wu & Zhou, Yang & Li, Xin, 2017. "Assessment of potential copper scrap in China and policy recommendation," Resources Policy, Elsevier, vol. 52(C), pages 235-244.
    3. Fu, Xinkai & Ueland, Stian M. & Olivetti, Elsa, 2017. "Econometric modeling of recycled copper supply," Resources, Conservation & Recycling, Elsevier, vol. 122(C), pages 219-226.
    4. Sourabh, Shalinee & Pavithran, Sagar & Menon, Balagopal G. & Mahanty, Biswajit, 2023. "Econometric modeling for the influence of economic variables on secondary copper production in India," Resources Policy, Elsevier, vol. 86(PB).
    5. Renaud, Karine M. & Manley, Ross & Nassar, Nedal T., 2023. "A comparison of copper use in China and India as a proxy for their economic development," Resources Policy, Elsevier, vol. 80(C).
    6. Li, Shupeng & Wang, Zhe & Yue, Qiang & Zhang, Tingan, 2022. "Analysis of the quantity and spatial characterization of aluminum in-use stocks in China," Resources Policy, Elsevier, vol. 79(C).
    7. Guo, Tianjiao & Geng, Yong & Song, Xiaoqian & Rui, Xue & Ge, Zewen, 2023. "Tracing magnesium flows in China: A dynamic material flow analysis," Resources Policy, Elsevier, vol. 83(C).
    8. Raouf Boucekkine & Bruno de Oliveira Cruz, 2015. "Technological Progress and Investment: A Non-Technical Survey," AMSE Working Papers 1519, Aix-Marseille School of Economics, France.
    9. Manuel Hernandez & Danilo Trupkin, 2021. "Asset maintenance as hidden investment among the poor and rich: Application to housing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 128-145, April.
    10. Jan Streeck & Quirin Dammerer & Dominik Wiedenhofer & Fridolin Krausmann, 2021. "The role of socio‐economic material stocks for natural resource use in the United States of America from 1870 to 2100," Journal of Industrial Ecology, Yale University, vol. 25(6), pages 1486-1502, December.
    11. Kapur, Amit, 2006. "The future of the red metal—A developing country perspective from India," Resources, Conservation & Recycling, Elsevier, vol. 47(2), pages 160-182.
    12. Li, Qiangfeng & Gao, Tianming & Wang, Gaoshang & Cheng, Jinhua & Dai, Tao & Wang, Huan, 2019. "Dynamic analysis of iron flows and in-use stocks in China: 1949–2015," Resources Policy, Elsevier, vol. 62(C), pages 625-634.
    13. Ruhrberg, Martin, 2006. "Assessing the recycling efficiency of copper from end-of-life products in Western Europe," Resources, Conservation & Recycling, Elsevier, vol. 48(2), pages 141-165.
    14. Zhou, Na & Su, Hui & Wu, Qiaosheng & Hu, Shougeng & Xu, Deyi & Yang, Danhui & Cheng, Jinhua, 2022. "China's lithium supply chain: Security dynamics and policy countermeasures," Resources Policy, Elsevier, vol. 78(C).
    15. Le Boulzec, Hugo & Delannoy, Louis & Andrieu, Baptiste & Verzier, François & Vidal, Olivier & Mathy, Sandrine, 2022. "Dynamic modeling of global fossil fuel infrastructure and materials needs: Overcoming a lack of available data," Applied Energy, Elsevier, vol. 326(C).
    16. McMillan, Colin A. & Moore, Michael R. & Keoleian, Gregory A. & Bulkley, Jonathan W., 2010. "Quantifying U.S. aluminum in-use stocks and their relationship with economic output," Ecological Economics, Elsevier, vol. 69(12), pages 2606-2613, October.
    17. Lu, Bin & Liu, Jingru & Yang, Jianxin, 2017. "Substance flow analysis of lithium for sustainable management in mainland China: 2007–2014," Resources, Conservation & Recycling, Elsevier, vol. 119(C), pages 109-116.
    18. Chun-Fang Chiang & Jin-Tan Liu & Tsai-Wei Wen, 2019. "National identity under economic integration," Journal of Population Economics, Springer;European Society for Population Economics, vol. 32(2), pages 351-367, April.
    19. Klepsch, Catharina & Elsas, Ralf, 2016. "How and when do firms adjust their investments toward targets?," VfS Annual Conference 2016 (Augsburg): Demographic Change 145486, Verein für Socialpolitik / German Economic Association.
    20. Melina, Giovanni & Villa, Stefania, 2023. "Drivers of large recessions and monetary policy responses," Journal of International Money and Finance, Elsevier, vol. 137(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:49:y:2016:i:c:p:315-322. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.