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17.10.24 10:30

Economy

High-grade iron ore deposit discovered in China’s province with 104 million tonne reserves

China has identified 173 types of minerals, according to the Ministry of Natural Resources report

A high-grade iron ore deposit has been uncovered in eastern China’s Shandong Province, boasting estimated reserves of 104 million metric tonnes, according to the Department of Natural Resources of Shandong Province. This is reported by Xinhua News Agency, a partner of TV BRICS.

The discovery includes 16 high-grade iron ore bodies located in the Qihe-Yucheng area. High-grade iron ore is defined by having an iron content of over 45 percent, making it a critical and scarce resource in China.

This newly identified deposit stands out for its extensive distribution, substantial ore body thickness, and high-quality ore. Such large-scale, high-grade deposits are rare in China with promising potential for further exploration.

The Qihe-Yucheng region is now set to become a major base for high-grade iron ore production, which could help alleviate China's resource challenges and bolster the nation's iron ore supply security.

As of 2022, China has identified 173 types of minerals, according to the Ministry of Natural Resources report.

Photo: iStock

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High-grade iron ore deposit discovered in China’s province with 104 million tonne reserves

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