A Super-Large Rare Earth Ore Deposit Discovered in Yunnan, China, Containing Over 470,000 mt of Key Rare Earth Elements Such as Pr-Nd, Dysprosium, and Terbium

Published: Jan 18, 2025 11:14
【China Discovers a Super-Large-Scale Rare Earth Ore in Yunnan, with Over 470,000 mt of Key Rare Earth Elements Including Pr-Nd, Dysprosium, and Terbium】According to MiningWeekly, Australian Stock Exchange-listed company American Rare Earths (ARR) announced that its wholly-owned US subsidiary, Wyoming Rare (WRI), has been granted permission to conduct trial mining at the Halleck Creek rare earth mine.

On January 17, it was learned from the China Geological Survey of the Ministry of Natural Resources that, with strong support from the Ministry of Finance, the China Geological Survey of the Ministry of Natural Resources discovered a super-large ion-adsorption rare earth ore in the Honghe region of Yunnan Province, with potential resources reaching 1.15 million mt. Among these, key rare earth elements such as Pr-Nd, dysprosium, and terbium exceed 470,000 mt. This marks another major breakthrough in China's exploration of ion-adsorption rare earth ores since the first discovery of such ores in Jiangxi in 1969. It is expected to become China's largest medium-heavy rare earth deposit, playing a significant role in strengthening China's rare earth resource advantages, improving the rare earth industry chain, and further consolidating China's strategic advantage in the medium-heavy rare earth resource sector.

The discovered ion-adsorption rare earth ore is primarily a medium-heavy rare earth ore. China is rich in light rare earth resources, mainly distributed in Bayan Obo, Inner Mongolia, and Maoniuping, Sichuan, but medium-heavy rare earth resources are relatively scarce. These resources have broader application fields and are indispensable key raw materials for EVs, new energy, national defense security, and other sectors, as well as critical metals for developing high-tech industries.

The China Geological Survey has combined geological surveys with scientific research, establishing a national geochemical baseline network over more than a decade of work, acquiring massive geochemical data, and achieving significant breakthroughs in ore prospecting theories and exploration technologies. This effort has filled the gap in geochemical exploration technology for ion-adsorption rare earth ores, establishing a rapid, precise, and green exploration technology system. It provides valuable insights for achieving rapid breakthroughs in ore prospecting in other medium-heavy rare earth enrichment areas in China.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
US Rare Earth Company Partners with Canadian SRC to Build $40M Heavy Rare Earth Metal Facility
8 hours ago
US Rare Earth Company Partners with Canadian SRC to Build $40M Heavy Rare Earth Metal Facility
Read More
US Rare Earth Company Partners with Canadian SRC to Build $40M Heavy Rare Earth Metal Facility
US Rare Earth Company Partners with Canadian SRC to Build $40M Heavy Rare Earth Metal Facility
US rare earth company REalloys announced that it is partnering with the Saskatchewan Research Council (SRC) of Canada to build a heavy rare earth metal facility. The equipment will be built at SRC’s Saskatoon plant and, after commissioning, relocated to Ohio to supply dysprosium and terbium to clients in the US defense industrial base and to the Defense Logistics Agency’s strategic reserves. The facility will cost $40 million and is expected to produce 30 mt of dysprosium metal and 15 mt of terbium metal annually. Initial operations are targeted for early to mid-2027, with full commercial operations expected from mid-2027 to year-end.
8 hours ago
Pr-Nd Oxide Prices Recover, Transactions at 802,000-803,000 Yuan/mt; Alloy Prices Stable
8 hours ago
Pr-Nd Oxide Prices Recover, Transactions at 802,000-803,000 Yuan/mt; Alloy Prices Stable
Read More
Pr-Nd Oxide Prices Recover, Transactions at 802,000-803,000 Yuan/mt; Alloy Prices Stable
Pr-Nd Oxide Prices Recover, Transactions at 802,000-803,000 Yuan/mt; Alloy Prices Stable
This afternoon, quotations for Pr-Nd oxide further recovered, with current mainstream offers from suppliers concentrated in the range of 800,000-805,000 yuan/mt. Some plants disclosed that there had already been a small number of transactions for Pr-Nd oxide in the market at 802,000-803,000 yuan/mt, while the actual transaction price of Pr-Nd alloy was within the range of 990,000-1 million yuan/mt. In contrast, quotations in the medium-heavy rare earth market remained stable, with no significant fluctuations.
8 hours ago
Rare Earth Prices Fell First and Then Rose, with Wide Swings in Pr-Nd, Dysprosium, and Terbium [SMM Rare Earth Weekly Review]
10 hours ago
Rare Earth Prices Fell First and Then Rose, with Wide Swings in Pr-Nd, Dysprosium, and Terbium [SMM Rare Earth Weekly Review]
Read More
Rare Earth Prices Fell First and Then Rose, with Wide Swings in Pr-Nd, Dysprosium, and Terbium [SMM Rare Earth Weekly Review]
Rare Earth Prices Fell First and Then Rose, with Wide Swings in Pr-Nd, Dysprosium, and Terbium [SMM Rare Earth Weekly Review]
[SMM Rare Earth Weekly Review: Rare Earth Prices Fell First, Then Rose; Pr-Nd, Dysprosium, and Terbium Saw Wide Swings] Due to the combined impact of market news and falling futures prices, suppliers in the Pr-Nd oxide market lacked confidence in the future market and proactively cut prices for shipments. However, upstream separation plants believed that the tight supply pattern of Pr-Nd oxide had not changed. Therefore, Pr-Nd oxide prices pulled back to 760,000-780,000 yuan/mt before rebounding to 790,000-800,000 yuan/mt.
10 hours ago