China Vows to Boost Prospecting, Reserves of Strategic Minerals
- Nation looks to optimize incentives to bolster private capital
- Commodity prices including iron ore and oil spiked last year
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China is vowing to boost domestic prospecting and build strategic reserves to secure supplies of energy and key strategic mineral resources.
“China will launch a new round of domestic prospecting operations, focusing on strategic bulk minerals that are in short supply,” Wang Guanghua, Minister of Natural Resources, was cited as saying in an interview with the official Xinhua News Agency.