According to China Geological Survey, the deposit could be a potential source for praseodymium and neodymium minerals, estimated to exceed 470,000 tons.
Hot on the heels of uncovering a series of massive mineral deposits, China has just discovered a new enormous rare earth deposit in Honghe, located in Yunnan province. According to Chinese media sources, the new deposits could yield over 1.15 million metric tons of resources, significantly boosting the country’s domestic industry.
According to a press release from the China Geological Survey (CGS), the deposit could be a potential source for praseodymium, neodymium, dysprosium, and terbium. Once tapped, the deposit could contain well over 470,000 tons of these highly sought-after minerals.
The latest discovery is a super-large ion-adsorption type of rare earth elements (RRE) deposit, marking another major breakthrough in Chinese resource exploration. The first of such deposits was uncovered in 1969 in the country’s Jiangxi province.
Ion-adsorption rare …