Our company’s production line project about "Annual production of 2000 tons of reduced rare earth metals" was settled in Baotou Rare Earth High-tech Zone, and completed the signing ceremony of rare earth industry project.

The signing ceremony of rare earth industry projects of Baotou rare earth high-tech zone was held on April 8^th, 2023. The total investment of 22 rare earth industry projects is RMB 5.15 billion.

The signed rare earth industry projects this time involve rare earth industry functional materials, magnetic materials, terminal application projects and the construction of science and technology innovation platform. Of which there are six rare earth functional materials projects that its investment amount are more than 100 million yuan, there are six science and technology innovation R&D platform and information platform projects, there are four rare earth permanent magnet motor projects and six rare earth functional materials and application projects that its investment amount are less than 100 million yuan.

It focuses on the construction of "rare earth city"in Baotou city, to attract investment, promote projects and improve services. In the first quarter of this year, there have been forty-three rare earth enterprises listed in Baotou Rare earth High-tech Zone, and the total output value of rare earth industry is about 10.8 billion yuan. Among them, there are twenty-three rare earth new material and application projects undertook the implementation of  more than 100 million yuan. It involves rare earth functional materials, balanced utilization, intelligent rare earth equipment etc key core technologies, technology innovation integrated service platform and other fields.