Economy October 31, 2026 02:39 AM

China's reassessment boosts estimates of gold, nickel and key strategic minerals

Nationwide survey revises upward resource estimates for rhenium, gold, nickel and several minor metals; new zircon placer found in Xinjiang

By Hana Yamamoto
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China's Ministry of Natural Resources released results from a nationwide reassessment of mineral deposits that produced sizeable upward revisions in estimated reserves for a range of strategic metals. Rhenium resources were revised up by more than 200%, gold by an amount equivalent to 50 large deposits and nickel by the equivalent of 30 large deposits. The review also increased estimated resources of gallium, indium, tantalum and vanadium, and identified a paleofluvial-lacustrine zircon placer in Baicheng, Xinjiang.

China's reassessment boosts estimates of gold, nickel and key strategic minerals
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Key Points

  • Rhenium resources revised upward by more than 200%; gold and nickel increased by equivalents of 50 and 30 large deposits respectively.
  • Reassessment covered 17 strategic minerals across over 1,800 mines and mining areas, involving more than 100 institutions and nearly 2,000 survey personnel across 27 provincial-level regions.
  • New paleofluvial-lacustrine zircon placer located in Baicheng, Xinjiang, which could materially boost domestic zircon supplies and potentially lower import dependence; implications for aerospace and nuclear sectors due to zirconium and rhenium applications.

China has announced substantial upward revisions to its estimated reserves of several strategic minerals after completing a nationwide reassessment of mineral deposits, according to figures published by the Ministry of Natural Resources.

The reassessment reported that retained rhenium resources rose by more than 200%. In addition, the ministry said gold reserves were increased by an amount equivalent to 50 large deposits, while nickel reserves were expanded by the equivalent of 30 large deposits.

Other metals that registered material increases included gallium, indium, tantalum and vanadium, each of which recorded gains equivalent to more than 10 large deposits. The ministry said these adjustments follow a systematic review that broadened the scope of counted resources.

The exercise covered 17 strategic minerals and encompassed field work across more than 1,800 operating mines and large and medium-sized mining areas. More than 100 institutions and nearly 2,000 survey personnel took part in the yearlong project, which spanned 27 provinces, autonomous regions and municipalities.

Officials said the reassessment took account of associated mineral resources, lower-grade deposits and deposits that had previously been judged difficult to exploit, thereby expanding the estimated pool of strategic mineral resources available domestically.

Separately from the reassessment, authorities identified China’s first paleofluvial-lacustrine zircon placer deposit in Baicheng in the northwestern Xinjiang region. The discovery was described as potentially significant for domestic zircon supplies and could reduce reliance on imports of the mineral.

Zircon is a feedstock for zirconium, which is used in nuclear reactor fuel-rod cladding and in high-temperature alloys for aerospace applications. Rhenium, highlighted by the reassessment, is used in high-temperature superalloys for jet-engine components.


The ministry emphasized that the reported increases reflect revised resource estimates produced by the nationwide assessment, rather than necessarily representing newly discovered deposits. That distinction underscores that the numbers are the result of updated accounting and evaluation methods applied across a broad set of existing mining areas.

As reported, the findings align with a stated effort to strengthen the domestic resource base for minerals used in advanced manufacturing, aerospace, and nuclear energy.

Risks

  • The revised totals represent updated estimates rather than necessarily indicating newly discovered, immediately producible deposits - affecting timing and scale of supply changes (impacting mining and commodity markets).
  • Increases incorporate lower-grade and previously difficult-to-exploit deposits, creating uncertainty about the feasibility and cost of converting reported resources into usable production (impacting mining and downstream manufacturing).
  • While the zircon discovery could reduce import reliance, the outcome is described as potential rather than guaranteed, leaving uncertainty for industries that source zircon and zirconium (impacting aerospace and nuclear supply chains).

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