China has announced significant breakthroughs in rare-earth mineral exploration, marking a substantial step forward in the nation’s resource development strategy. China Rare Earth Group Co., Ltd., a state-owned enterprise, revealed on Saturday that it has achieved remarkable progress in mineral exploration efforts.
The company projects an increase of 4.96 million tonnes in rare-earth oxides output, a development that could have far-reaching implications for various industries. At a recent symposium and midterm evaluation, experts highlighted substantial advancements in the search for rare-earth minerals in Liangshan Yi Autonomous Prefecture, located in southwest China’s Sichuan Province.
In response to these findings, China Rare Earth Group plans to expedite the establishment of a new security framework aimed at enhancing the development of the country’s rare-earth resources and creating a strategic stronghold in this sector.
Rare earths, consisting of 17 elements, are essential components in a wide array of applications, including aerospace, special materials, metallurgy, energy, and agriculture. The breakthroughs in exploration could bolster these industries by securing a stable supply of these critical elements.
Reference(s):
cgtn.com
