SHANGHAI, Apr. 12 (SMM) – Inner Mogolia Baotou Steel Hefa Rare Earth announced to expand output and upgrade technique with plant removing to Jiuyuan, according to cre.net. 

The company will invest 200 million yuan in the project, which will cover 120 acres, and plans to start construction in May and put it into operation in March 2018. Inner Mogolia Baotou Steel Hefa Rare Earth will have annual sale revenue at 500 million yuan and provides 500 of new jobs.

This is the first rare earth enterprise in Jiuyuan Industrial Park.

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