Products will be used to produce samarium cobalt permanent magnet materials

Glencore halted production at world's largest cobalt mine a month early

SHANGHAI, Nov 28 (SMM) &ndash;&nbsp;Production lines of high-purity rare earth, with an annualised capacity of 1,500 mt samarium metal, has finished construction in the Jiuyuan District Industrial Park in Baotou of Inner Mongolia, according to sources on November 28.&nbsp;

With a total investment of 60 million yuan, the project will commission after the ongoing equipment installation and electric power building. Products will be used to produce samarium cobalt permanent magnet materials.&nbsp;

Annual output value of the project is estimated at 150 million yuan.&nbsp;&nbsp;