The status of RE resources in the world
According to data from United States Geological Research Bureau in 2007, the world's reserves of rare earth are 100 million tons. Reserves rankings are followed by China, the CIS, the United States, Australia and India. Current global RE(rare earth) inventory can be used statically for one year and half.
China's rare earth resources are very rich, and the distribution is also very reasonable, which has laid a solid foundation for the Chinese rare earth industry. The main rare earth mine in China includes Bayan Obo and Shandong Weishan rare mines, Jiangxi weathering rare earth mine, Hunan rare earth mine and so on. China's rare earth resources was characterized by the huge inventory of rare earth, completeness of rare earth elements and mine types, high quality of rare earth and the reasonable distribution of mine spot.
The United States accounts for about 15% of the world's rare earth resources, and the consumption of rare earth minerals as well as production volume has ranked first in the world in recent years. However rare earth production and consumption has been relegated to second place in recent years, giving way to China. American Rare Earth resources mainly include monazite and other minerals, and are located in North Carolina, South Carolina, Georgia, Idaho and Montana. Reserves volume is considerable.
Russia's reserves of rare earth are rather abundant, being mainly associated deposits that are located in the Kola Peninsula. The main source of rare earth in Russia can be gotten by the recovery from the Fluorine-Carbon ore.
Australia is the biggest producer of the single stone. Its sand mines mainly concentrate in the western regions. Meanwhile, Australia has also produced yttrium phosphate ore.
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