Turkey Discovers Second-Largest Rare Earth Reserve

A rare earth supply chain independent of China is being created

In this file photo, Chinese gather around a crater of what used to be the Jingxin Mining company which produced and processed quartz sand in Fengyang, in China's Anhui province. China is the world's largest producer of rare earth minerals. AFP/AFP/Getty Images

Turkey has disclosed that it has found a huge rare earth reserve of an estimated 694 million tons in the central Anatolia region.

It is understood to be the world’s second-largest raw earth reserve, with the biggest being an 800 million ton site in China.