Recently, the United States Geological Survey (USGS) released the global rare earth production and reserves in 2024, as well as the situation of the rare earth industry in the United States. The following is the relevant content compiled by China Tungsten Online.

Rare earth market update on February 20, 2025

There is no significant change in the overall center of gravity of domestic rare earth prices.

According to China Tungsten Online, in order to implement the "Rare Earth Management Regulations", effectively protect and rationally develop and utilize rare earth resources, maintain ecological security, and promote the high-quality development of the rare earth industry, the Raw Materials Industry Department of the Ministry of Industry and Information Technology has drafted the "Measures for the Total Control of Rare Earth Mining and Rare Earth Smelting and Separation (Interim) (Draft for Public Comments)" and "Measures for the Information Traceability of Rare Earth Products (Interim) (Draft for Public Comments)".

Recently, it was learned from the China Geological Survey of the Ministry of Natural Resources that China's new-round strategic actions for breakthroughs in mineral exploration have achieved remarkable results. Ten one-billion-ton-class oil fields and nineteen one-hundred-billion-cubic-meter-class gas fields have been discovered. Ten large-scale or above uranium deposits have been found, leading to a substantial increase in uranium resources. The resource volumes of 12 minerals, including copper, aluminum, gold, gallium, germanium, and indium, have increased significantly. Substantial breakthroughs have been made in minerals related to strategic emerging industries such as rare earths, lithium, zirconium, hafnium, and helium.