At present, there are more than 250 rare earth minerals and rare earth-containing minerals in the world, more than 60 kinds of minerals with high rare earth elements content, and less than 10 kinds of industrial value. China's rare earth resources are extremely rich, and its characteristics can be summarized as: large reserves, full varieties, valuable elements with high content and wide distribution. The industrial reserves of rare earths in China (according to oxides) are 2.2 times that of foreign rare earth industrial reserves. Foreign rare earth resources are concentrated in the United States, India, Brazil, Australia and the Soviet Union. The industrial reserves (in terms of oxides) are 7.011 million tons.

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