China Enhances Metal Reserves Through Strategic Discoveries

The Ministry of Natural Resources (MNR)

A Boost to Global Metal Supply Stability

Significant Metal Finds Across China: From 2021 to 2024, China has made substantial discoveries in key nonferrous metals, including lithium, copper, and rare earths. These findings are part of Beijing's broader strategy under the country's 14th five-year economic development plan, reinforcing its position as a major player in the global metal market.

Impact on Lithium and Rare Earths Production

China as a Stabilizer in Lithium Markets: The Ministry of Natural Resources (MNR) reported that China's domestic lithium production has risen by over 30%, thanks to new finds, particularly in spodumene and salt lake brines. These discoveries have positioned China as the world's third-largest lithium producer from salt lake brines.

Rare Earths and Other Minerals: New rare earth deposits were identified in several provinces, enhancing China’s capability in this critical sector. Discoveries of other minerals like bauxite and nickel ore have also been reported, driven by technological advancements in mining.