SMM News: Huahong Science and Technology announced on the evening of Sept. 8 that recently, the company signed a framework agreement with the management committee of Longnan Economic and technological Development Zone, and the company plans to build an annual comprehensive utilization project for the treatment of 60, 000 tons of magnetic waste in Longnan Economic and technological Development Zone, Ganzhou City, together with southern rare earths.
The main contents of this framework agreement are as follows:
1. The company plans to build an annual comprehensive utilization project of 60,000 tons of magnetic waste in Longnan Economic and technological Development Zone of Ganzhou City, which mainly includes oxidation roasting and powder making workshop, intelligent warehousing and administrative office, etc. After the project is completed and reaches production, it can dispose of 60,000 tons of all kinds of magnetic waste annually.
2. The project is located in Fukang Industrial Park of Longnan Economic and technological Development Zone, covering an area of about 100 mu.
3. The project enjoys Longnan's preferential policy of attracting investment and investment, and the management committee will fully cooperate with the whole service work, and actively strive for national, provincial, municipal and other relevant preferential, support, reward, subsidy and other policies for the project.
Huahong Science and Technology said that the signing of the framework agreement with Longnan Economic and technological Development Zone is aimed at relying on Longnan's local location and industrial policy advantages to expand and strengthen the rare earth industry and promote the comprehensive reuse of rare earth waste. At the same time, through this cooperation, Southern rare Earth and Xintai Technology will give full play to their respective advantages in rare earth mining, rare earth metal smelting separation, permanent magnet material production and comprehensive recycling of magnetic waste, to achieve a close combination of upstream and downstream of the industrial chain, complementary advantages and mutually beneficial win-win situation. Through this cooperation, Xintai Technology, a wholly owned subsidiary of the company, will be further guaranteed in the supply of magnetic waste, which will help the company to increase production and expand capacity, and is of great significance to enhance the competitiveness of Xintai Technology in the field of comprehensive utilization of rare earth waste. It is conducive to the company's long-term, healthy and stable development.
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