[Rare Earth] Inner Mongolia Baotou to Obtain $161 Mln for Rare Earth Industry Development

Recently, the Development and Reform Commission of Inner Mongolia Autonomous Region, in conjunction with the Industry and Information Technology Bureau and the Energy Bureau, drafted the Several Measures for Ensuring Energy Consumption Control Targets in the "14th Five-Year Plan" (draft for comments). 

Several silicon producers in Bayan Nur city in Inner Mongolia have switched their production capacity to produce ferrosilicon due to a surge in ferrosilicon price earlier this month.

SMM expects the electricity rationing in Inner Mongolia would see its monthly high-grade nickel pig iron production hit by 10-15%, translating to 380-570 mt of nickel metal.

Inner Mongolia has imposed an upper limit on raw coal output during 2016-2020.

China has imposed a ban on imports of certain commodities from North Korea in accordance with a United Nations Security Council resolution passed last month.

Rare earth exports by Inner Mongolia’s Baotou grew significantly in January.

China Non-ferrous Metal Industry’s Foreign Engineering and Construction Co. (NFC) suffered over 35 million yuan ($5.5 million) loss in its rare earth business during H1, www.ruidow.com reported.

Huolingol, Inner Mongolia, has set an ambitious goal of expanding local aluminum capacity to 4 million-tpy by 2018 to support aluminum processing industry in the city, cnal.com reported.

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

Inner Mongolia reported significant growth in rare earth exports this year, possibly due to China’s removal of rare earth export quotas.