Chalco to Invest 2 Bln Yuan in Rare Earth Project in Baotou

Published: Mar 01, 2017 15:46 (GMT+8)

Save

Chalco plans to invest 2 billion yuan in rare earth project in Baotou.

SHANGHAI, Mar. 1 (SMM) – Chalco plans to invest 2 billion yuan in rare earth project in Baotou.

The company will produce rare earth metals and permanent magnetic materials and build deep processing production lines and produce catalyst and other functional materials.

Chalco will also construct rare earth permanent magnet machine production lines.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

rare earth rare earth metals Chalco

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

SMM Rare Earth Afternoon Trading Comment on September 24

2 hours ago

Vulcan Elements Wins U.S. Army Contract to Supply Rare Earth Magnets for SkyFoundry Drone Program

【SMM Rare Earth Flash】 U.S. rare earth magnet manufacturer Vulcan Elements announced it has passed the U.S. Army's competitive selection to supply high-performance NdFeB magnets for the Army's SkyFoundry drone program. The program aims to produce 1 million small drones annually at Tobyhanna Army Depot, Pennsylvania, requiring a "fully domestic, vertically integrated manufacturing process." Vulcan claims to be the only rare earth magnet company globally fully decoupled from China across materials, technology, software, IP, and ownership. Its Benson, North Carolina plant under construction will have 10,000 t/y magnet capacity, becoming the largest rare earth magnet plant outside China and creating about 1,000 manufacturing jobs. This is Vulcan's 10th U.S. Department of War contract.

2 hours ago

3 hours ago

Scrap Pr-Nd Moves Sideways, Pre-Holiday Stockpiling Rises Then Falls [SMM Recycled Rare Earth Weekly Review]

[SMM Recycled Rare Earth Weekly Review: Scrap Pr-Nd Moves Sideways, Pre-Holiday Stockpiling Rises Then Falls] Overall, scrap Pr-Nd prices held steady this week. Early in the week, trading was briefly active as suppliers cashed out ahead of the holiday, but as recycling enterprises wound down stockpiling and procurement slowed, transactions turned quiet in the second half of the week, with actual market activity rising first and then falling. In the short term, downstream demand is expected to see limited release amid holiday disruptions, and scrap Pr-Nd prices are likely to consolidate sideways.

3 hours ago