Korea trillion worth of rare earth ore exposure

With " industrial vitamins ," said rare earth is a very valuable strategic resource , currently the world China , Russia, the United States and Australia is the world's rare to have four countries . However, according to the latest media coverage of China 's neighbor North Korea may soon have to join the club of great powers rare .

Media reports said private companies sre minerals recently reached an agreement with the Korean trading company of natural resources , development is located 150 kilometers northeast of Pyongyang, North Korea at jongju rare earth deposits , but jongju allegedly the world's largest rare earth deposits .

According to professionals assess potential mineral deposit amount jongju is 60 million tons, about 216.2 million tons of rare earth oxides , which are mainly associated cerium apatite and rare earth minerals , including lanthanum, cerium and praseodymium and other light rare earths. The more valuable heavy rare earth reserves of about 5.45 million tons , accounting for 2.6% of total reserves of rare earth oxides .

In this regard , the Australian Institute of Mining and Metallurgy, the project is also a leading scientist Dr. louis schurmann said , jongju is the world's largest rare earth deposit targets . Theoretically , jongju deposit of 216 million tons worth trillions of dollars , is expected to present the world's known resources of rare earth oxides doubling .


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