China Discovers Super-Large Heavy Rare Earth Deposit, Easing Global Magnet Supply Chain Pressure
Views: 6 Author: Site Editor Publish Time: 2025-08-25 Origin: Site
In August 2024, China Rare Earth Group announced the discovery of a super-large heavy rare earth deposit in Ganzhou, Jiangxi Province, with estimated reserves exceeding 500,000 tons of rare earth oxide (REO) equivalent. Critical elements for permanent magnets—such as neodymium (Nd), praseodymium (Pr), and dysprosium (Dy)—account for a significant portion. This deposit can meet global demand for high-performance magnet materials for over a decade, potentially reducing production costs for NdFeB magnets. China's Ministry of Industry and Information Technology also released a revised draft of the Rare Earth Management Regulations, emphasizing green mining and international cooperation to promote sustainable development of the magnet industry. (Source: China Mining News, August 22, 2024)
