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Jintian Copper plans to invest 600 million yuan in the construction of high-performance rare earth permanent magnet materials and devices
Jun 23,2021 14:41CST
Industry News
Source:SMM
Jintian Copper announced on June 15 that in order to meet the development needs of the rare earth permanent magnet material business of Ningbo Jintian Copper (Group), further expand the capacity of rare earth permanent magnet products to meet the increasing demand for downstream mid-to-high-end products and strengthened the company’s core competitiveness, Ningbo Ketian Magnetic Industry, a wholly-owned subsidiary of the company, and Baotou Rare Earth High-tech Industrial Development Zone Management Committee signed the "Entry Agreement of Ningbo Ketian Magnetic Industry Co., Ltd. with an Annual Output of 8,000 mt of High-end Manufacturing, High-performance Rare Earth Permanent Magnet Materials and Device Project”.
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