JL MAG Rare-Earth (Baotou) Technology Co., Ltd. commenced construction on its Phase III green manufacturing project for high-performance rare earth permanent magnet materials with an annual output of 20,000 mt in Baotou Rare Earth High-Tech Zone. Upon completion, the Baotou base of JL MAG Rare-Earth will have an annual production capacity of 40,000 mt of high-performance rare earth permanent magnet materials. Jiangxi JL MAG Rare-Earth Technology Co., Ltd. is the only enterprise in the global rare earth permanent magnet industry listed on both the "A+H" stock exchanges. It ranks first globally in terms of magnetic material production capacity and is a leading supplier of core application materials for the global new energy and energy-saving and environmental protection sectors.