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[BUSINESS] · China, Iran · 5 sources

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China expands scientific ties with Iran to explore rare earth deposits

China is expanding its scientific partnership with Iran to explore the economic potential of rare earth element deposits. The National Natural Science Foundation of China (NSFC) is funding scientific workshops with Iran's national science foundation to map resources, specifically targeting the Bafq belt in central Iran.

While the initial investment of 30,000 yuan (approximately $4,200) per workshop is modest, the collaboration aims to evaluate geological sites such as Esfordi, Chadormalu, and Choghart. These locations contain light rare earths, including cerium, lanthanum, and neodymium, within apatite formations.

Rare earth elements are critical to modern technology, including consumer electronics, electric vehicles, and advanced defense systems like missiles and radar. China currently maintains a dominant position in the global market, controlling approximately 90% of the world's processing capacity for these 17 metals. This scientific exchange serves as a strategic step to assess Iranian resources before committing larger industrial capital.

Entities

Bafq Belt · China · Iran · National Natural Science Foundation of China