AsianFin -- The China Geological Survey under the Ministry of Natural Resources has announced the discovery of an ultra-large ionic adsorption rare earth deposit in the Honghe region of Yunnan Province, with substantial support from the Ministry of Finance.
The deposit is estimated to contain potential resources of 1.15 million metric tons, including over 470,000 tons of critical rare earth elements such as praseodymium, neodymium, dysprosium, and terbium.
This discovery marks a significant breakthrough in the exploration of ionic adsorption rare earth deposits in China, the most notable since the first such deposit was identified in Jiangxi Province in 1969. Experts believe the Yunnan deposit could become China’s largest medium-to-heavy rare earth mine, reinforcing the country's advantage in rare earth resources and enhancing the domestic rare earth industry chain.
The find is expected to bolster China’s strategic position in medium-to-heavy rare earth resources, which play a crucial role in advanced manufacturing, renewable energy, and national security technologies.
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