B[China's retained resources of rhenium, gold, nickel, zirconium and other resources have increased significantly] October 31st, through the re-evaluation of co-associated, low-grade, difficult-to-use strategic minerals, China's retained resources of rhenium have more than doubled, gold is equivalent to 50 new large-scale mineral deposits, and nickel is equivalent to 30 new large-scale mineral deposits. Data released by the Ministry of Natural Resources on October 31 shows that in 2024, the Ministry of Natural Resources organized 27 provinces, autonomous regions and municipalities, more than 100 units, and nearly 2,000 investigators to carry out a comprehensive investigation. Re-evaluation of associated and low-grade resources of 17 strategic minerals including gallium, germanium, indium, chromite, nickel, cobalt, zirconium, hafnium, niobium, tantalum, vanadium, rare earths, rhenium, potash, gold, manganese and helium. After one year of work, we completed the resource re-evaluation of more than 1,800 active mines and large and medium-sized mining areas across the country, and found out the actual development and utilization of 17 types of strategic mineral co-associated and low-grade resources, as well as the number of co-associated and low-grade resources that can be utilized under current technical and economic conditions.
Qiao Chunlei, deputy director of the Mineral Resources Protection and Supervision Department of the Ministry of Natural Resources, said that after investigation and evaluation, the national reserves of 13 minerals such as gallium, germanium and indium have increased significantly. For example, the national reserves of rhenium have more than doubled, gold is equivalent to 50 new large-scale mineral deposits, and nickel This is equivalent to 30 new large-scale mineral deposits, and more than 10 large-scale mineral deposits of gallium, indium, tantalum, and vanadium, which strongly supports the successful completion of the new round of mineral prospecting breakthrough strategic action goals of the "14th Five-Year Plan" and lays an important resource foundation for improving China's mineral resource security capabilities. At the same time, a set of mature re-evaluation technical routes and working methods have been formed during the work advancement process, laying a solid foundation for carrying out re-evaluation work during the “15th Five-Year Plan”. (Xinhua News Agency) B[Ministry of Natural Resources: China's demand for important mineral resources will still maintain rigid growth during the "15th Five-Year Plan" period] On September 22, Ministry of Natural Resources spokesperson and Vice Minister Zhou Xing said at a press conference of the State Council Information Office that China is a major manufacturing country, and China's demand for important mineral resources will still maintain rigid growth during the "15th Five-Year Plan" period. To this end, the Ministry of Natural Resources will continue to implement a new round of mineral prospecting breakthrough strategic actions to firmly stabilize the energy job and provide a strong guarantee for China's development of advanced manufacturing. Including, implementing the national geological mapping plan, promoting the 1:50000 regional geological survey coverage rate in the land area to 51%, and increasing the mineral geological survey coverage rate in important mineralization zones to 66%; increasing the intensity of exploration and mining, organizing and carrying out prospecting campaigns, focusing on oil, iron, copper, aluminum and other scarce minerals, taking into account rare earths, etc. Advantageous minerals, deploy a number of key exploration and mining projects, steadily promote the construction of about 300 energy resource bases, and enhance the confidence to ensure the security of energy resources; strengthen scientific and technological innovation, achieve incremental breakthroughs and inventory revitalization, and promote mining enterprises to improve the "three rates" (mining recovery rate, mineral processing recovery rate and resource utilization comprehensive utilization rate) level, etc. B[Baotou Rare Earth Exchange: Prices of mainstream rare earth products fell slightly today] September 15th, according to the Baotou Rare Earth Products Exchange, prices of mainstream rare earth products fell slightly today. The average price of praseodymium and neodymium oxide was 729,300 yuan/ton, down 1,300 yuan/ton; the average price of metal praseodymium and neodymium was 882,800 yuan/ton, down 1,400 yuan/ton; the average price of dysprosium oxide was 1,425,600 yuan/ton, down 11,100 yuan/ton; the average price of terbium oxide was 6,665,000 yuan/ton, down 0,600 yuan/ton. There is less transaction information on praseodymium oxide, neodymium oxide, lutetium oxide, europium oxide, lanthanum cerium oxide and other products today, so please refer to it with caution. At present, the rare earth market continues to fluctuate and adjust. The quotations of major manufacturers of praseodymium and neodymium products are generally stable. A few traders have lowered prices to promote transactions. However, orders from magnetic material manufacturers are lower than expected, and most of them maintain low inventory. The overall purchasing willingness of the market is weak. In fact, the transactions are mainly for rigid needs. In terms of medium and heavy rare earths, the prices of dysprosium oxide and terbium oxide continued to fall, while the prices of other products remained stable overall. Taken together, trading in the rare earth market is at a stalemate, with most businesses maintaining a wait-and-see attitude, and prices are expected to remain within a narrow range in the short term.
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