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HomeMongolia NewsTurkey’s new rare-earth reserves won’t affect Chinese industry, offer cooperation opportunity

Turkey’s new rare-earth reserves won’t affect Chinese industry, offer cooperation opportunity

A representative from local enterprises look at the display case of rare-earth metals and oxides at the National Center of Quality Supervision and Inspection for Tungsten and Rare Earth Products (NCQSIFTREP) in Ganzhou, East China’s Jiangxi Province. Photo: Li Hao/GT

China’s technological and industrial advantage in the global rare-earth industry will be maintained into the future, and the discovery of a rare-earth reserve in Turkey won’t have an obvious impact on China’s global position, a number of Chinese rare-earth companies said. Industry analysts also said on Sunday the newly discovered rare-earth reserves could present opportunity for China and Turkey to cooperate.

The reported 694 million tons of Turkish rare-earth reserves could translate to only 300,000 tons of available rare-earth oxides (REO) compared with China’s 44 million ton reserves, according to some claims.

“Judging from relevant news report, the claimed nearly 700…

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