According to Xinhua News Agency, China has achieved substantial growth in low-grade and associated mineral resources such as cobalt, rhenium, nickel, and indium through promoting green mine construction, innovating processing technologies, and adopting advanced applicable techniques.

The Ministry of Natural Resources reported that during the nationwide green mine development initiative, mining enterprises have adopted the “three rates” standards—extraction recovery rate, beneficiation recovery rate, and comprehensive utilization rate—as binding indicators, effectively enhancing resource conservation and intensive utilization. Through reevaluating low-grade and associated resources, resource reserves have surged substantially. Newly identified cobalt and rhenium reserves have increased by over 100%, while nickel and indium reserves have grown by more than 30%. This transformation of “dormant deposits” into “active deposits” and “small deposits” into “large deposits” has effectively extended mine lifespans.

Throughout this process, regions actively deployed 5G, IoT, and AI technologies to advance digital and intelligent mining operations. This enabled “mining without visible ore” and “unmanned mining,” establishing numerous unmanned mining workfaces that substantially boosted mineral resource utilization efficiency.

Xu Dachun, Vice Minister of Natural Resources and Director of the China Geological Survey, stated at a recent national green mine field exchange meeting that through the joint efforts of departments including ecology and environment, finance, market regulation, financial regulation, securities supervision, forestry and grassland, as well as natural resources authorities at all levels, significant progress has been made in national green mine development. Currently, over 1,000 national-level green mines and more than 4,000 provincial-level green mines have been established, serving as a vivid practice in building a Beautiful China.

As an integrated internet platform providing benchmark prices, on November 27, the benchmark price of cobalt on the business information platform was 402,000.00 RMB/ton, an increase of 0.88% compared with the beginning of the month (398,500.00 RMB/ton).

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