As you may know, Australia's rare earth resources are quite rich and diverse. But you know that there is a rare earth phosphate deposit in central Australia - one of the largest and most intensive phosphate deposits in the world. The deposit is expected to have a mine life of 30 years and is estimated to contain 580,000 tons of rare earth (3.1% REO), of which Nd and Pr are high, and Nd is about 20%. Second; Pr accounts for about six percent. Not only that, but it also has 8.7 million pounds of uranium and about 70,000 tons of lanthanum oxide (0.36% ThO2). According to statistics, Australia has proven that rare earth reserves rank fourth in the world.

Speaking of Australia's rare earth resources, it is natural to understand the characteristics of its rare earth deposits - various types, all regions. However, the resources occupied by different types of deposits are not balanced. The types of deposits and the amount of resources occupied are as follows: the rare earth deposits associated with sedimentary basins can be divided into three types: phosphorite, lignite and unconformity-related types, and their resources are insufficient for all Australian resources. One of the points; the amount of rare earth deposits related to epigenetic weathering accounts for about 3% of the total Australian resources; the heavy mineral sand type rare earth deposits account for 6% of the total Australian resources; and related to magma the six deposits account for about 90% of the total Australian resources.

You may not be very clear about the rare earths in the rare earth industry. Next, let's take a closer look at the knowledge of rare earths.

We all know that the so-called rare earth is called "rare earth", but it is not rare or "soil". It is a collection of seventeen chemical elements. It is called "industrial vitamin" and also has "industrial gold". It is widely used in energy, electronics, military, chemical, metallurgy, machinery, light industry, environmental protection and agriculture. Moreover, in recent years, the strategic position of rare earths has become increasingly prominent due to the gradual increase in dependence of emerging industries. Among them, tantalum and niobium play a vital role in the electronic technology and automotive industries because they are key raw materials for ultra-high strength permanent magnets. For example, high purity niobium oxide is mainly used in the production of advanced magnets and magnetic alloys.

Therefore, it is not unusual for the global demand for rare earths to increase year by year. Correspondingly, the annual global rare earth production is lower than the annual demand. In recent years, there is a certain gap in the demand for rare earths every year. Therefore, the development of rare earth deposits in recent years has become more and more important for the supply of rare earth materials with the increasing exploitation and consumption of rare earth resources in the world.

Going back to the domestic market. At present, China supplies more than 90% of the world's rare earths. More importantly, about 90% of the rare earth consumed by the US military is produced in China. However, a few days ago, the United States passed a new defense bill that banned its Ministry of Defense from buying rare earth magnets from China. However, recently, the plot has undergone a major reversal. Compared to the tariff list in July, the latest list completely removes rare earth metals, rare earth oxides, rare earth compounds and metal permanent magnets (including neodymium iron boron). According to industry analysts, this may be because the United States has a high degree of dependence on China's rare earths, which has caused concern, and then has the performance of removing rare earth materials and adding tariff lists.

Rare earth is known as the industrial "gold". Because of its excellent physical properties such as light electromagnetics, it can form new materials with different properties and various kinds of materials. Its most remarkable ding is to greatly improve the quality and performance of other products. For example, the tactical performance of steel, aluminum alloy [color business opportunity: aluminum alloy door and window price], magnesium alloy and titanium alloy used for manufacturing tanks, airplanes and missiles is greatly improved. Moreover, rare earths are also high-tech lubricants such as electronics, lasers, nuclear industry, and superconductors. Once used in the military, rare earth technology will inevitably bring about a jump in military technology. In a certain sense, the US military’s overwhelming control in several local wars after the Cold War and the unscrupulous public killing of the enemy are due to the superhumanity in the field of rare earth technology.

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