Baotou INST Magnetic New Materials Co., Ltd. Invests 650 Million in Rare Earth Project

Published: Jun 24, 2025 17:35

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Recently, the Shenzhen Stock Exchange issued the "Announcement of Baotou INST Magnetic New Materials Co., Ltd. on Investing in and Constructing an Integrated Application Project for Rare Earth Permanent Magnet Materials". According to the announcement, the company and/or its newly established wholly-owned or holding subsidiary will invest in and construct an integrated application project for rare earth permanent magnet materials in Baotou Rare Earth High-Tech Zone using its own funds and/or self-raised funds. The total investment in the project is expected to be 650 million yuan. Among this, the first phase investment is expected to be 400 million yuan, and the second phase investment is expected to be 250 million yuan (the final total investment in the project will be subject to the actual investment).

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