SHANGHAI, Jul 23 (SMM) – Rare earth mining company Baotou Huaxi Metals in Inner Mongolia will construct a rare earth metal and permanent magnet project in Liangshan autonomous prefecture of Sichuan province, as the firm signed with the Liangshan government on June 26. 

With an investment of 1.5 billion yuan, the project is designed with a capacity of 10,000 mt/year of rare earth metals and 17,000 mt/year of permanent magnet materials.