China has asked local governments and major oil companies to conduct a thorough survey of their mineral reserves as it seeks to provide more"dynamic" updates on the country's mineral wealth for the sake of its energy and economic security.
These include commodities the country is short of, such as oil, natural gas, iron, copper, aluminium, gold, nickel, cobalt and lithium, it said, adding that miners' annual reports on their reserves should also be improved. "Knowing the quantity, quality, structure and distribution of our mineral resources is an important precondition for ensuring resource security and economic security," and will form the basis of mineral resource strategies, it said.
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