[Rare Earth] Zhongke Sanhuan, Hitachi Metals to Build JV for NdFeB Production

Fujian Sanbao Iron and Steel Co., Ltd. restarted production at its 1,080 m³ blast furnace on November 20.

China Northern Rare Earth (Group) High-Tech Co., Ltd. and Anhui Earth-Panda Advance Magnetic Material Co.,Ltd. will increase their capital investment in Northern Rare Earth Permanent Magnet Technology to build a high-performance NdFeB alloy flakes project with an annual output of 8,000 mt, according to a recent announcement of China Northern Rare Earth. 

Fujian’s Quanzhou will gradually eliminate lead and zinc mines and strictly control mineral exploration, cnmn.com reports.

Beijing East Asia Aluminum Industry Co. will put online aluminum wheel rim project with annual capacity at 3 million pieces in Inner Mongolia at the end of June, Hohhot Daily reported.

Henan Ruixiang Aluminum Co. is scheduled to put 120,000-tpy aluminum plate/sheet, strip and foil project into trial production this June, local media reported.

Copper prices may fall below $5,340 per tonne in the latter half of the year.

Chinese government decided to levy ad valorem resource tax on rare earth, tungsten, and molybdenum starting from May 1, to replace the old volume-based tax, Xinhua reported.

Angang Steel Co., Ltd. announced the latest ex-works prices for steel products in April.

Henan Energy Yimei Co. and Wanji Holdings Group recently signed a cooperation framework agreement over construction of 600,000-tpy hot-rolled aluminum project and 2*600 MW power generating units.

Taigang Stainless Steel Co. plans to produce 4.30 million tonnes of stainless steel products in 2015, the company’s manager said at its the board of directors meeting.