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A team of Pakistani geologists has discovered significant deposits of rare earth minerals in Balochistan, potentially worth billions of dollars.
A team of Pakistani geologists working in partnership with international researchers has discovered significant deposits of rare earth minerals in the Balochistan province. The discovery, which includes deposits of lithium, cobalt and neodymium, could position Pakistan as a major player in the global rare earth supply chain.
The deposits were found during a systematic geological survey of the Chagai district, an area known for its copper and gold deposits but previously unexplored for rare earth elements. Initial assessments suggest the deposits could contain commercially viable concentrations of multiple critical minerals.
Rare earth minerals are essential for manufacturing electric vehicle batteries, wind turbines, smartphones and other high-tech devices. Global demand for these minerals is expected to increase dramatically as the world transitions to clean energy technologies.
If the deposits prove commercially viable, they could attract billions of dollars in mining investment and create thousands of jobs in one of Pakistan's least developed regions. The discovery also has strategic implications, as Western nations seek to reduce their dependence on Chinese rare earth supplies.
Further exploration and feasibility studies will be needed before commercial mining can begin, a process that could take several years.
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