Including Molybdenum and Rare Earths, Shandong to Achieve Coverage of Minerals

Including molybdenum and rare earths, the national survey of mineral resources in Shandong Province will achieve full coverage of minerals. The Technical Training Conference was held in Jinan City, Shandong Province recently. According to reports, the National Survey of Mineral Resources in the Province will achieve full coverage of minerals and create a "top-level project".

The purpose of the meeting is to thoroughly implement the work requirements of the Ministry of Natural Resources on conducting national surveys of mineral resources, and comprehensively deploy the work of conducting national surveys of mineral resources in Shandong Province.

This investigation involves the identified mineral resources in Shandong Province, including 7 types of energy minerals, 25 types of metal minerals, 50 types of non-metallic minerals, and 3 types of water and gas minerals. Based on coal, oil shale, iron, copper, lead, aluminum, molybdenum, gold, silver, rare earths, diamond, graphite, pyrite (830, -10.00, -1.19%), barite, magnesite, fluorite Dominant minerals such as stone, potash, talc, and bentonite are the mainstays, and co-occurring minerals such as thorium, vanadium, titanium, zinc, nickel, cobalt, and tungsten are taken into consideration, so as to achieve full coverage of minerals and conduct a simultaneous evaluation of mineral resource potential.

China controls approximately a large percent of the world's molybdenum and rare earth element market. These elements, which are not widely known because they are so low on the production chain, are critical to hundreds of high tech applications, many of which define our modern way of life. Without rare earth elements, much of the world's modern technology would be vastly different and many applications would not be possible.

For one thing, we would not have the advantage of smaller sized technology, such as the cell phone and laptop computer, without the use of rare earth elements. These metals are also essential for the defense industry and are found in cruise missiles, precision-guided munitions, radar systems and reactive armor. They are also key to the emergence of green technology such as the new generation of wind-powered turbines and plug-in hybrid vehicles, as well as to oil refineries, where they act as a catalyst. The national survey of mineral resources in Shandong Province will achieve full coverage of varieties of minerals such as molybdenum and rare earths would help to further strengthen our country’s molybdenum and rare earths industries.

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