Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

China's Minmetals Rare Earth Starts New Mining Project In Hunan

Mining News - Published on Mon, 17 Jun 2019

Image Source: China Daily
Reuters reported that China Minmetals Rare Earth, one of the country's largest rare earth miners, has begun construction of a new mining project in the central province of Hunan. The project in Jianghua county is expected to begin production in February 2020, with estimated output of 1,800 tonnes a year of rare earth oxides.

According to the company website, the deposit has ore reserves of 104,300 tonnes. Prices of rare earths, a group of 17 elements used in a wide-range of products from lasers and military equipment to consumer electronics, have hit multi-year highs following a flurry of reports that Beijing could use them in its trade war against Washington. Rare earth exports by China, which supplied 80% of imports by the United States from 2014 to 2017, fell 16% in May from a month earlier.

Source :

Posted By : Sanju Moirangthem on Mon, 17 Jun 2019
Related News from Mining segment