Second-largest rare earth element deposit discovered in China
In the Maoningping mining area of Sichuan province, China has uncovered the world's second-largest rare earth element deposit. Geological surveys reveal an additional 9.67 million tonnes of rare earth oxide deposits, increasing proven reserves in this area by 300%. This development is significant for the global strategic materials market.
Source Globaltimes
The Maoningping deposit ranks just behind Bayan Obo in the Inner Mongolia Autonomous Region, currently the largest rare earth element deposit worldwide. Rare earth oxides play a crucial role in modern industry, including the production of advanced materials, new energy sources, aerospace applications, and telecommunications.
In addition to rare earth elements, Maoningping also contains substantial reserves of fluorite (27.14 million tonnes) and barite (37.23 million tonnes), highlighting the region’s importance as a mining and processing hub within China.
Rare earth elements are critical for high-tech industries, driving global interest in expanding extraction and exploration activities. The discovery at Maoningping further reinforces China’s dominant position in supplying the world market with these vital resources.
This new deposit’s discovery may help stabilize global supply chains for strategic minerals and encourage further investment in China’s mining sector.
