Oct 05

China rapidly expanding Baotou rare earth high-tech zone

Phase one of a huge magnetic powder production line has been opened near the city of Baotou, which sits on the edge of the Gobi Desert

(ATF) China is rapidly expanding Baotou Rare Earth High and New Tech Industrial Development Zone in Inner Mongolia, as the country maintains its grip on the majority of the world’s rare earths trade.

Phase one of a 5,000-ton magnetic powder production line has been opened by Kerui Micro-Magnetic New Materials near the city of Baotou, which sits on the edge of the Gobi Desert.

Numerous other projects are underway but China Nonferrous Metals News had few details about this highly sensitive field.

This project is one among 80 major projects planned for construction with a total investment of 59.42 billion yuan (US$8.75 billion).

https://www.asiatimesfinancial.com/china-rapidly-expands-baotou-rare-earth-high-tech-zone