SMM: November 19, Shandong Provincial Department of Industry and Information Technology announced Shandong Shenghe New Materials Technology Co., Ltd. 5500 tons / year rare earth separation and relocation into the park project. It is understood that the project moved into the park for Zhongkai rare Earth Materials Co., Ltd., and Synchronize completed the equity injection project of China rare Earth (Shandong) rare Earth Co., Ltd.

Zhongkai rare Earth Materials Co., Ltd. is mainly engaged in rare earth chloride, rare earth smelting separation, the current rare earth separation capacity of 5500 tons of (REO) / year. According to the General Office of Zibo Municipal people's Government on issuing the Division Plan of Protection and Restoration area of Dawu groundwater enrichment area in Zibo City (Zizheng Office [2018] No. 18) and the Office of Linzi District people's Government of Linzi District of the Communist Party of China issued the notice on the implementation Plan for the cleaning and relocation of Enterprises in the Core area and Ecological Restoration area of Dawu groundwater enrichment area (temporary Office [2018] No. 59), The related projects of the enterprise must be relocated to Jinshan Industrial Park, Qilu Chemical Industrial Zone. In the process of relocation, the original output, capacity scale and related procedures (equivalent replacement of production capacity) were merged into the newly established Shenghe New Materials Technology Co., Ltd., and completed the relevant procedures such as China sparse capital injection and so on.

After the relocation, after the registration of Shandong Shenghe New Materials Technology Co., Ltd., it is a subsidiary invested by Zhongkai rare Earth (Shandong) rare Earth Co., Ltd. to undertake the production scale of 5500 tons of (REO) / year rare earth separation production in Zhongkai rare Earth Materials Co., Ltd., without increasing production capacity. The proposed land for the project is located in Hanjia Village and Xuwang Village, Jinshan Town, with a total land area of 6.6676 hectares.