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Recently, according to an authoritative report by Xinhua News Agency, China Rare Earth Group has made a major breakthrough in prospecting. The panel concluded that the exploration campaign is expected to add up to 4.96 million tonnes of rare earth resources.
China Rare Earth Group Co., Ltd. (hereinafter referred to as China Rare Earth Group) is a large-scale rare earth enterprise group jointly established by a number of industry leaders such as Aluminum Corporation of China, China Minmetals Corporation, Ganzhou Rare Earth Group Co., Ltd., and the introduction of rare earth technology research and development enterprises such as China Iron and Steel Research Institute Technology Group Co., Ltd. and Youyan Technology Group Co., Ltd. Since its establishment on December 22, 2021, it has shouldered the responsibility of ensuring the security of national rare earth strategic resources. An important mission to maintain the stability of the rare earth industry chain and supply chain. According to Qichamao, the group is headquartered in Ganzhou City, Jiangxi Province, with a registered capital of 10,000 yuan.
Since its establishment, China Rare Earth Group has always put the national strategy in the first place, and has completed the established integration tasks ahead of schedule and in an all-round way through the overall planning of resource integration and industrial synergy. The Group not only focuses on the optimal utilization of existing resources, but also sets its sights on future resource reserves, vigorously promotes the work of increasing reserves and production, and acquires a number of new mining rights. Recently, China Rare Earth Group organized a symposium on the construction of a national rare earth industry strategic hinterland and a mid-term evaluation of rare earth resources in Panxi region in Liangshan, Sichuan, and the expert group believes that the prospecting in Liangshan has completed the phased task, and the prospecting results are outstanding, and the resources are expected to increase by 4.96 million tons.
The rare earth industry is a key strategic industry, and rare earth elements are widely used in high-tech, new energy, national defense and other fields. China has abundant reserves and production of rare earth resources, and is a leader in the global rare earth industry.
China ranks first in the world in rare earth ore reserves
China has large rare earth reserves, large supply and fast consumption. According to United States USGS statistics, in 2022, the total reserves of rare earths in the world will be about 130 million tons, and China's rare earth reserves will be 44 million tons, accounting for 33.8% of the total reserves in the world. However, in recent years, with the rapid exploitation and consumption of rare earth resources in the mainland, the proven rare earth ore reserves in China have decreased by 20% compared with 2010.
In recent years, China's rare earth resource reserves have remained at about 44 million tons.
Rare earth resources are mainly concentrated in Inner Mongolia
There are all differences in the types of rare earth resources distributed in different regions, and the mainland light rare earths are mainly distributed in Inner Mongolia, of which the production base of Baotou in Inner Mongolia accounts for about 58% of rare earths; Ionic medium and heavy rare earths are mainly distributed in southern regions such as Ganzhou, Jiangxi, Guangdong and Longyan, Fujian, especially in the Nanling area, which are distributed with considerable ionic adsorption medium rare earth and heavy rare earth minerals, which are easy to mine and extract, and have become an important medium and heavy rare earth production base in the mainland.
On the whole, the Baotou production base in Inner Mongolia has the richest rare earth production and reserves.
The current situation of the integration of China's rare earth industry and the new generation of information technology
With the rapid development, maturity and accelerated application of new technologies such as 5G, artificial intelligence, Internet of Things, big data, cloud computing, virtual reality and augmented reality in various industries, the rare earth industry has also accelerated the application of a new generation of information technology and laid out digital transformation with the encouragement of national policies. At present, the new generation of information technology that is widely used in the rare earth industry includes 5G, artificial intelligence technology, and industrial Internet. The main applications of next-generation information technology in the rare earth industry are as follows:
The Prospective Industry Research Institute believes that rare earth is an important strategic resource that is not renewable, and is an indispensable key element for the transformation of traditional industries, the development of emerging industries and the national defense science and technology industry. With the deepening of the world's scientific and technological revolution and industrial transformation, as well as the in-depth implementation of national strategies such as the mainland's "Belt and Road", "Made in China 2025" and "Internet +", it will continue to inject new momentum into the development of strategic emerging industries and high-tech industries such as new energy and new materials, and the application value of rare earths in the national economic and social development will be further enhanced and the role will be more prominent.
Prospective Economist APP Information Group
For more research and analysis of this industry, please refer to the "Analysis Report on the Development Prospect Forecast and Investment Strategic Planning of China's Rare Earth Industry" by Qianzhan Industry Research Institute
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