China's demand for key mineral resources to maintain rigid growth during 15th Five-Year Plan period: ministry
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In a press conference held by the State Council Information Office on September 22, Zhou Xing, spokesperson and vice minister of China's Ministry of Natural Resources, stated that as a major manufacturing country, China's demand for important mineral resources will maintain rigid growth during the '15th Five-Year Plan' period (2026-2030). To secure this supply, the ministry will launch a new round of strategic mineral prospecting breakthroughs. Key measures include implementing a national geological mapping plan to increase land-based 1:50,000 regional geological survey coverage to 51% and coverage of mineral geological surveys in important metallogenic belts to 66%. The ministry will also organize a major prospecting campaign focusing on紧缺 (scarce) minerals such as oil, iron, copper, and aluminum, while also considering advantageous minerals like rare earths. It plans to deploy a number of key exploration and mining projects and steadily advance the construction of approximately 300 energy resource bases to enhance the country's energy and resource security. Additionally, the ministry will strengthen technological innovation to achieve incremental breakthroughs and revitalize existing reserves, encouraging mining enterprises to improve their 'three rates' (mining recovery rate, mineral processing recovery rate, and comprehensive resource utilization rate).
Source report
Beijing, September 22 — China's demand for key mineral resources will continue to see rigid growth during the "15th Five-Year Plan" period (2026–2030), according to Zhou Xing, spokesperson for the Ministry of Natural Resources and Vice Minister of the ministry, at a press conference held by the State Council Information Office.
Zhou noted that China is a major manufacturing country, and the sustained demand for important mineral resources is expected to remain strong. In response, the Ministry of Natural Resources will continue to implement a new round of strategic actions for mineral exploration, aiming to secure the nation's energy supply and provide robust support for the development of advanced manufacturing.
Key measures include:
- National Geological Mapping Plan: Increase the coverage rate of 1:50,000-scale regional geological surveys on land to 51%, and raise the coverage rate of mineral geological surveys in key metallogenic belts to 66%.
- Intensified Exploration and Mining: Launch a large-scale mineral exploration campaign, focusing on scarce minerals such as petroleum, iron, copper, and aluminum, while also addressing advantageous minerals like rare earths. A number of key exploration and mining projects will be deployed, and approximately 300 energy and resource bases will be steadily developed to strengthen the foundation for energy and resource security.
- Technological Innovation: Achieve incremental breakthroughs and revitalize existing reserves, while encouraging mining enterprises to improve the "three rates" — mining recovery rate, mineral processing recovery rate, and comprehensive resource utilization rate.
Source
财联社Eastern
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China Launches Major Mineral Exploration Campaign to Secure Supply Through 2030