A lithium mine with nearly one million tons of reserves was newly discovered in Yajiang, Southwest China's Sichuan Province, Xinhua News Agency reported on Thursday, a development which will help raw material supply for China's sprawling electric vehicle sector.
The newly discovered lithium mine was the largest pegmatite lithium deposits in Asia, which was an important breakthrough in China's lithium exploration efforts and will largely assist the nation's carbon neutrality, according to China's Ministry of Natural Resources (MNR).
As a vital mineral which drives development of the new energy sector, lithium is widely used in China's "New Three" export items, new-energy vehicle, lithium battery and solar panels, which together generated 1.06 trillion yuan ($148.89 billion) of exports in 2023, data from China's General Administration of Customs showed.
The distribution of world's lithium resources is uneven, with the metal largely concentrated in South America, Australia, the US and China.
China's lithium reserves are believed to be scattered in various areas while exploration is still in its early stage. The national conference on natural resources held from Monday to Tuesday stressed efforts to enhance domestic lithium mine exploration, along with overseas cooperation so as to secure the material supply for China's growing new-energy sector, according to Xinhua.
Ministry of Natural Resources has vowed to promote lithium mine transfer to increase raw material supply, in a bid to ramp up China's lithium battery manufacturing and market consumption, according to the report.
Related articles:
Related suggestion:
Mother's shock after pub she'd visited for eight years cancelled her Sunday meal bookingIncredible footage shows pod of killer whales circle blue shark off the coast of CaliforniaSingaporeThe world's best 50 cities in 2024 ranked by Time OutGas prices are on the rise again. Here's where experts say they are going next.From a jaguar pouncing on an alligator to a spectacular 'flying saucer cloud': JawAvid traveler documents his WILD journey to Utupua, one of the most REMOTE outcrops in the worldI'm American visiting the UKI travelled to Milan for a night outI'm a Brit
3.1586s , 6505.7421875 kb
Copyright © 2024 Powered by China discovers 1 ,World Weave news portal