Nearly half of China’s mineral resources have not been utilized

China's mineral resource utilization remains significantly underdeveloped, according to a report from the Research Group on the Sustainable Development of China's Land and Natural Resources. Out of 45 major minerals, only 19 have been found to utilize over 70% of their reserves, while 9 fall between 50% and 70%, and 17 are below 50%. The overall utilization rate of identified reserves across these 45 minerals stands at just 57.86%, meaning nearly half of the available resources remain untapped. Among the 16 minerals with less than 50% utilization, several are critical to the economy, such as coal, iron, bauxite, and diamonds, which are currently facing tight supply conditions. In contrast, the nine minerals with utilization rates between 50% and 70% include both abundant resources like lead, molybdenum, phosphorus, and limestone, as well as scarce ones like copper, cobalt, and silver. Of the 19 minerals with more than 70% utilization, most are considered advantageous resources, including tungsten, tin, antimony, magnesite, and fluorite. However, four key resources—petroleum, chromite, nickel, and others—still face shortages. Some minerals, such as petroleum, fluorite, barite, graphite, and asbestos, have utilization rates exceeding 90%, leaving little room for future exploration or new discoveries. Experts from the research group warn that China’s traditional mineral advantages are being exhausted, with few new reserves discovered in recent years. The average service life of identified reserves is estimated at around 10 years, signaling an urgent need for better resource management. The current imbalance in resource utilization—where some minerals are overexploited while others remain underused—contradicts market principles and leads to inefficient allocation. This situation not only threatens long-term resource security but also risks undermining China’s competitive edge in the global mineral market.

Mutifunction Drilling Rig

Product Description
The water and air dual purpose series drilling rig is a multifunctional drilling rig that integrates water and air drills. This is the first one in China. The drilling rig adopts an AMT manual automatic transmission. Sensitive and convenient switching between positive and negative. Compared with hydraulic transmission, the power consumption is reduced by 35%, making it more efficient and energy-saving. The drilling rig has a fast speed and can be used in conjunction with a Mud Pump to solve the problem of difficult drilling with a soil gas down-hole hammer. The boring machine has high torque and can slide up and down. Deep hole drilling can be used for hard rock layers, gravel layers, and pebble layers below deep wells. Drill with a down-hole hammer. This drilling rig can be professionally engaged in drilling, monitoring wells, geothermal air conditioning drilling, diamond bit wired coring drilling, and engineering geological survey operations.
The main characteristics of the drilling rig:
1. The drilling rig is equipped with a hydraulic drill tower, hydraulic support legs, and a winch, and the power head can slide up and down. Hard rock can be used for DTH hammer drilling.
2. The drilling rig adopts a long stroke dual speed mechanism and mechanical power head, with a power head stroke of 3400mm, which is used to improve drilling efficiency and reduce the occurrence of blockage and burning accidents.
3. The drilling rig adopts dual oil pumps for oil supply. When feeding, a single pump is used, and when lifting the drill pipe, a dual pump combination is used; Low power loss and short auxiliary time.
4. The drilling rig has reserved some functional interfaces in the hydraulic system, which can be expanded according to the process requirements of different users.

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JIANGSU XI TEC ENVIRONMENTAL&DRILLING EQUIPMENT COMPANY CO.LTD , https://www.xitecdrilling.com