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China National Nuclear Corp announced on Thursday that a key strategic mineral named Niobobaotite was discovered by three Chinese scientists. It is the 13th new mineral discovered in the past 70 years since the establishment of China’s uranium geology system, and has great application and economic potential.
The military coup in Niger may push up uranium prices in the near future due to reduced supplies, Chinese experts said on Thursday, but the crisis will have little impact on China, which has achieved a breakthrough in uranium exploration.
China set a quota for the first batch of rare-earth mining in 2023 at 120,000 tons on Friday, up by about 20 percent compared with last year's level, with a quota for smelting and separation at 115,000 tons, also up from 97,200 tons in 2022.
East China's Jiangxi Province, a major rare-earths production base, has issued a plan to crack down on illegal mining of strategic minerals such as lithium and rare earths, in a bid to promote the high-quality development of the mining sector.
The trading of the world’s first industrial silicon futures started at the Guangzhou Futures Exchange on Thursday, in a move that experts said will help stabilize prices of the metal mostly used in chips and solar panels and enhance the risk management capability of market entities.