Home » The news of the discovery of a large rare earth mine in Turkey was besieged by the Chinese media | Supply Chain | The Epoch Times

The news of the discovery of a large rare earth mine in Turkey was besieged by the Chinese media | Supply Chain | The Epoch Times

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The news of the discovery of a large rare earth mine in Turkey was besieged by the Chinese media | Supply Chain | The Epoch Times

[The Epoch Times, July 7, 2022](Comprehensive report by Zhang Wan, reporter from The Epoch Times Special Department) A few days ago, the Turkish media announced the discovery of a large rare earth mine in the country. The news was fiercely besieged by the media under the CCP. The Chinese media questioned the amount of rare earth resources in Turkey’s new mines and Turkey’s development capabilities, and claimed that the Chinese Communist Party’s advantage over the global supply of rare earths remains unchanged.

According to a report by Turkish media Turkiye on July 4 this year, rare earth deposits with resources of 694 million tons were discovered in Eskisehir Province in northwestern Turkey. Metin Çekiç, a board member of the Istanbul Mining Exporters Association (IMIB), said the rare earth reserves discovered in Turkey are enough to meet the world‘s needs for 1,000 years.

The report said that among the 17 rare earth elements known in the world, the newly discovered deposits contain 10 elements.

Rare earth (Rare Earth) elements have excellent optical and electromagnetic properties, and can form various new materials. The most significant role is to greatly improve the quality and performance of other products, so it is known as “industrial vitamins”.

More importantly, rare earth elements also play a vital role in the clean energy transition. Neodymium, praseodymium, dysprosium and terbium are key raw materials for the production of permanent magnets for electric vehicles and wind turbines; yttrium and scandium are used in some types of hydrogen electrolyzers.

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Since at the end of the last century, the world’s largest rare earth supplier, the Mountain Pass rare earth mine in the United States, was defeated by a low-price competition strategy, the CCP has mastered the control of the global rare earth industry, and once supplied more than 90% of the world’s rare earth. . By 2020, that proportion dropped to nearly 60 percent, but it still dominates.

At present, China ranks first in the world in both reserves and production of rare earths. According to data from the United States Geological Survey (USGS), in 2020, the world‘s proven rare earth reserves are about 120 million tons, of which China’s reserves are 44 million tons (accounting for 37%). It was 140,000 tons, accounting for 58%.

There are currently no detailed resource descriptions in reports of the new Turkish mine, and it is unclear how much of the nearly 700 million tons of ore reserves is mineable rare earths.

Turkiye reported that IMIB’s Cekic revealed that the newly discovered Beylikova mine is the world‘s best-grade mine. He said that the mining area will build a pilot plant in the first phase, with an annual processing capacity of 1,200 tons of ore. After the completion of the initial project, the annual processing capacity of the mining area will reach 570,000 tons of ore.

After the announcement of the new discovery of rare earth mines in Turkey, the CCP-controlled NetEase, Sohu, Global Times and other media all reacted violently to the news.

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These media published articles questioning the actual amount of rare earth resources in the new mines announced by Turkey, saying that if one ton of rare earth mines produces 1kg to 4kg of rare earths, the actual amount of rare earths in Turkey’s new mines is only 700,000 to 2.8 million tons. The article also said that Chinese rare earth companies are only a false alarm when they are worried that their dominance will be challenged.

But in fact, years of over-exploitation at any cost has caused China’s rare earth reserves to plummet. According to the U.S. Geological Survey, from 2013 to 2020, China’s rare earth production fell by 20% from 55 million tons to 44 million tons.

In addition, the CCP retaliated against Japan in 2010 by halting rare earth supplies, arousing widespread concern in the international community about China’s control over rare earth supplies, and countries have also begun to step up efforts to build reliable supply chains.

According to USGS data, since 2009, Greenland, Brazil, Canada, Vietnam, Myanmar, Laos, Norway and African countries have successively discovered a large number of rare earth resources. From 2010 to 2020, 261 companies in 37 countries outside China launched a total of 429 rare earth projects, adding 80,000 to 100,000 tons of rare earth capacity.

In addition, the Chinese Communist Party’s Global Times said that China is currently the only country in the world with a complete industrial chain of rare earth production, and this processing advantage will not be simply weakened by the discovery of rare earths.

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However, the investigation report released by China’s “Journal of Geosciences” in March 2021 has already mentioned that China is no longer the only source of rare earth smelting and separation products in the world. At present, the United States has built a supply chain consisting of the Mountain Pass Mine, the Mount Weld Mine in Australia and its factory in Kuantan, Malaysia, with an annual output of nearly 60,000 tons of rare earth ore and 20,000 tons of separation. products, and initially built a rare earth resource supply chain independent of China.

Responsible editor: Lian Shuhua#

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