President Recep Tayyip Erdogan announced that Turkiye has identified the world's second-largest rare earth element reserve, containing an estimated 694 million tons of mineral resources in Eskisehir province.

Axar.az reports, citing Turkiye Today, apeaking after a Cabinet meeting at the Presidential Complex, Erdogan disclosed that extensive exploration at the Beylikova district site has revealed approximately 12.5 million tons of rare earth oxides alongside significant deposits of barite and fluorite.

The site contains 10 of the 17 known rare earth elements, materials critical to defense industries, renewable energy systems, electric vehicles, communications and space technology.

Türkiye aims to become one of the world's five largest producers of rare earth elements, materials that play essential roles in advanced manufacturing and emerging technologies.