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Baotou rare-earth high-tech zone gets large contracts

Source:China Daily Published:2016/6/2 Author: view:939
A recent signing ceremony at the rare-earth high-tech industrial zone in the city of Baotou, Inner Mongolia covered 37 projects worth a whopping 10.3 billion yuan ($1.57 billion) for rare-earth magnet surfaces, alloys, energy-saving electrical machines, neodymium iron boron deep processing, and new materials development and applications, all of which are expected to help transform and upgrade the industry, and have annual profits of 1.05 billion yuan.

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