China Calls for Urgent Mineral Exploration to Secure Supplies Amid Global Competition
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China's natural resources minister said mineral exploration is urgent for supply chain security amid global competition.
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China defines 24 minerals, like oil, gas, copper, and rare earths, as strategic and wants to reduce reliance on imports.
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The minister said mineral supply must be secured for defense and livelihoods to ensure domestic supply under extreme situations.
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China's demand for minerals like lithium and cobalt is rising due to electric vehicles and new industries.
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Experts say China relies heavily on external sources for strategic minerals like oil, gas, iron, and copper.