China has discovered a rare earth deposit in Honghe, Yunnan province, composed of about 1.15 million metric tons of potential resources, further consolidating the country's rare earth resource advantage and industrial chain, the China Geological Survey said Friday.

China Geological Survey says deposit has potential resources of 1.15 million tonnes, including more than 470,000 tonnes of key rare earths China has reported the discovery of an extremely large rare earth deposit in the southwestern province of Yunnan as it seeks to strengthen its control over global supply chains for critical minerals.