New prospects for non-ferrous metal reserves in Hunan have a potential economic value of 550 billion yuan

The meeting revealed that during the “11th Five-Year Plan” period, the province has increased its resources exploration efforts. 14 crisis mines have made remarkable achievements in replacing resource exploration projects, and the proven reserves of lead, zinc, tin, tungsten, antimony and antimony resources of the advantageous minerals have increased significantly. The province’s newly discovered non-ferrous metal reserves of lead and zinc (2.136 million tons), vanadium (3.11 million tons), tungsten (263,600 tons), molybdenum (212,800 tons), tin (322,900 tons), and copper (200,000 tons ), 锑 (115,000 tons), 铍 (30,000 tons), and gold (55.15 tons), with a potential economic value of more than 550 billion yuan.

According to Song Jianmin, director of the Nonferrous Metals Administration of Hunan Province, 51 kinds of non-ferrous metal minerals have been discovered so far, accounting for 91% of the total number of discovered minerals in the country. Among them, the reserves of tungsten, antimony, and tellurium all rank first in the country. It accounted for 34.8%, 37.2% and 9.3% of the world's reserves. Lead, zinc, tin, mercury, bismuth, antimony, lithium and their associated scarce cadmium and indium reserves all rank the top five in the country. Hunan Nonferrous Metals Holding Group and some private enterprises in the province have actively implemented internationalization strategies, and achieved international sharing of resources and markets in Canada, Pakistan, and other places through cooperative development, equity purchases, and wholly-owned acquisitions. The non-ferrous metals industry in Hunan can Sustained development provides backup resources.

Chen Yuxiong, member of the Standing Committee of Hunan Provincial Committee and Deputy Governor, attended the meeting.

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