Energy Insider | Giant Light Rare Earth Deposit Discovered in Sichuan, Resource Volume Ranks Second in the World; Middle East Conflict Impacts Aviation Market, Jet Fuel Shortage Leads to Flight Cancellations and Ticket Price Surges

WealthCoffee · 2026-03-25T03:18:04+00:00

Sichuan discovers the world's second-largest light rare earth ore deposit with a resource volume of 11.46 million tons, representing an increase exceeding 500%. Meanwhile, Middle East conflicts trigger aviation fuel shortages, leading to flight cancellations and rising ticket prices.

WealthCoffee

2026-03-25 03:18:04

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Caixin News

Huge Light Rare Earth Mineral Discovered in Sichuan, Second Largest in the World

On March 24, the Ministry of Natural Resources announced that a new breakthrough has been made in the country’s latest mineral exploration strategic initiative. In the Maoniu Ping mining area of Mianyang County, Sichuan Province, China has discovered the second largest light rare earth mineral deposit in the world. The newly added rare earth resources (REO) in the mining area amount to 9.666 million tons. As of now, the total proven rare earth resources in Maoniu Ping mining area have reached 11.46 million tons, an increase of over 500%, ranking second in the world for on-site rare earth mineral reserves.

Middle East Conflict Impacts Aviation Market, Jet Fuel Shortages Lead to Flight Cancellations and Ticket Price Surge

Caixin News reported on March 24 that the energy supply crisis caused by the Middle East conflict has impacted the aviation fuel market: some countries are facing fuel shortages, leading to reduced airline capacity, flight cancellations, and a sharp increase in global ticket prices.

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