SHANGHAI, Jun 19 (SMM) – China will build an innovation center to conduct R&D in rare-earth materials for manufacturing.
A rally for the establishment of the center was held on Tuesday June 18. The center is located in Xiong'an New Area, a state-level new area in the Baoding area of Hebei province.
This project is jointly founded by six state-owned rare-earth companies and seven listed companies, with over 60 key companies, universities and scientific research institutions also on board.
The center has a committee of experts, consisting of over 60 specialists and scholars in rare-earth technology and industry.
Rare earth is a key material in advanced manufacturing sectors, including telecommunication, high-end equipment, new energy vehicles, robots, rail transportation and high-end medical equipment.