China RE reports:
Baotou Rare Earth High-performance magnetic materials company, a Baotou Steel Rare Earth Subsidiary, the equipment commissioning on Phase II of the high-performance NdFeB magnetic materials has been completed and
upcoming to reach an annual output of 5,000 tons production capacity for NdFeB magnets, which will become
as the largest research and production base of high-performance NdFeB magnetic materials in China and the world.
as a Siemens's joint venture, the plant can production of the world's highest performance industrial products Magnets N54 file, as a major suppliers for Siemens, Produced magnet has be assembled in BMW, Audi and other luxury cars for consecutive three years.
Lynas's delayed led Siemens to China to seek a joint venture after 2011.
baotou & siemens
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