China's important minerals show a decreasing trend in foreign dependence

With the continuous advancement in mineral exploration and increased production capacity, China's reliance on foreign minerals has significantly decreased in recent years. At a national geological exploration management conference held on the 21st, Wang Min, deputy director of the Ministry of Land and Resources, highlighted that new discoveries of large mineral deposits have boosted the country’s resource reserves. For example, the country's dependence on lead and zinc has dropped from a peak of 30% in 2006 to nearly self-sufficient levels today. Similarly, iron ore import dependency fell from 56.7% in 2005 to 51.7% in 2007, with further reductions expected. Potassium salt imports also declined from 90% in 2001 to under 70% by 2007. New discoveries in deep chromite and nickel mines are expected to reduce the need for over 90% of imported materials. Since the "Eleventh Five-Year Plan," significant progress has been made in exploring key metallogenic belts across China. Major reserves of critical minerals like iron, copper, and aluminum have seen substantial increases. Over 1,200 new mineral sites were identified, including 194 large and 240 medium-sized deposits. Notable achievements include the discovery of the Gongchangling Iron Mine, which holds over 100 million tons of iron ore, and the development of the Qulong Copper Mine in Tibet, a 10-million-ton-grade base. In bauxite, new large deposits such as Xinyi and Longhe have been found, forming significant reserve bases. Lead-zinc exploration has also advanced, with major resources identified in Hubei, Hunan, and Shaanxi. Gold exploration has seen breakthroughs in both old and new areas, while potash exploration has made promising progress, with a major deposit discovered in Lop Nur, Xinjiang, set to increase domestic potassium salt production by 1.2 million tons annually by 2009. Wang Min emphasized that these achievements have improved China’s resource security. Despite this progress, more than 70% of the country’s territory remains unexplored, and only about one-third of key minerals like iron, copper, and zinc have been fully identified. Nearly half of the resource-depleted mines still hold prospecting potential. As exploration continues, more exploitable deposits are expected to be found, further enhancing China’s ability to meet its mineral needs independently.

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