According to China Tungsten Online, data from the United States Geological Survey show that by the end of 2024, global rare earth reserves were about 90 million tons, a year-on-year decrease of about 18.18%; among them, China's rare earth reserves were the highest, at 44 million tons, accounting for 48.89% of the world's total reserves. In 2024, global rare earth production was about 390,000 tons, a year-on-year increase of about 3.72%; among them, China's rare earth production was the highest, at 270,000 tons, accounting for 69.23% of the world's total production.
