[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. 

The government of Shanxi province will no longer approve new aluminum projects, cnmn.com reported, citing a local media.

China’s decision to forbid approval of new aluminum capacity in Beijing-Tianjin-Hebei and three surrounding areas will have little impact on domestic supply, Shanghai Metals Market understands.

Demand for light rare earth elements, such as lanthanum, praseodymium and neodymium, will grow as China steps up environmental protection efforts, northnews. cn reported.

Xinjiang plans to increase new aluminum capacities by 1.5 million tonnes in 2015, according to its latest release.

China will remove provisional export tax on aluminum bar and rod from May 1, 2015, the Ministry of Finance said in a statement today.

PanAsialum Holdings is planning to spend 200 million yuan ($33 million) in building an aluminum processing project in Xinjiang, finance.sina.com reported yesterday.

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

Taigang Stainless Steel Co. Ltd. succeeded in producing hot-rolled nickel plate/coil recently, the first company grasping the production technology in China, local media reported.