China reports ‘stunning’ critical minerals finds as hi-tech race with US heats up
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China has announced significant discoveries of critical minerals, including rare earth oxides, fluorite, and baryte, strengthening its resource base amid a growing technological competition with the United States. The largest find was at the Maoniuping mine in Sichuan province, where proven rare earth oxide reserves now total 10.4 million tonnes. Surveys also revealed substantial deposits of fluorite (27.1 million tonnes) and baryte (37.2 million tonnes) at the same site. Fluorite is crucial for semiconductors and batteries, while baryte is essential for oil and gas drilling, highlighting the strategic importance of these discoveries for China's hi-tech, new energy, and defense sectors. These finds reinforce China's dominance in rare earth production and secure its supply of other vital minerals.
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AI-ExtractedFluorite is a critical mineral used in the semiconductor and lithium-ion battery industries.
Surveys revealed 27.1 million tonnes of fluorite and 37.2 million tonnes of baryte.
The Maoniuping site's total proven reserves are now 10.4 million tonnes of rare earth oxides.
China discovered 9.7 million tonnes of rare earth oxides at the Maoniuping mine.
Without baryte, oil and gas exploration and production would grind to a halt.
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