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Recently, Shandong geophysical and Geochemical Exploration Institute discovered a rare earth mine in Xuecheng District of Zaozhuang city. The estimated reserves of the mine reached 435 thousand tons, and the total amount of rare earth oxides was between 0.5% - 1.62%, with an average grade of 1.03%, and reached an industrial scale of medium scale. This is the second rare earth mine discovered in Shandong province.

Previously, Shandong Province found only a small amount of rare earth minerals and resources in Weishan County chishan. Exploration found that the main rare earth elements of Xuecheng Zaozhuang rare earth minerals are cerium, lanthanum, neodymium, praseodymium and more than 10 kinds, as well as radioactive elements thorium, uranium and other elements, molybdenum, lead, etc., buried in the depth of about 220 meters.