Northern Rare Earth to join investment in rare earth permanent magnet project
2021-10-12 16:24:16
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Northern Rare Earth announced that it plans to join investment, together with Advanced Technology & Materials Co.Asian Metal Copyright62 million US dollars.Asian Metal Copyright, Ltd (AT&M) and its holding subsidiary Inner Mongolia Baotou Steel Rare Earth Magnetic Materials Co.Asian Metal Copyright With total investment of 490 million yuan 75.Asian Metal Copyright, Ltd.Asian Metal Copyright Northern Rare Earth will invest 166 million yuan 25.Asian Metal Copyright (BGM), in setting up a new joint venture focusing on rare earth permanent magnet.Asian Metal Copyright Northern Rare Earth will invest 166 million yuan 25.Asian Metal Copyright The new JV will use BGM's existing assets including land, plants and associated facilities to build the 5,000tpy rare earth permanent magnet industrialization project.Asian Metal Copyright BGM, in setting up a new joint venture focusing on rare earth permanent magnet.Asian Metal Copyright Northern Rare Earth will invest 166 million yuan (25.Asian Metal Copyright BGM, in setting up a new joint venture focusing on rare earth permanent magnet.Asian Metal Copyright73 million US dollars) to hold 41.Asian Metal Copyright, Ltd.Asian Metal Copyright50% interest in the project; BGM will hold 7.Asian Metal Copyright50% interest in the project; BGM will hold 7.Asian Metal Copyright50% stake by providing 30 million yuan (4.Asian Metal Copyright BGM, in setting up a new joint venture focusing on rare earth permanent magnet.Asian Metal Copyright65 million US dollars) based on audited net assets related to magnet; AT&M will hold 51% equity by investing 204 million yuan (31.Asian Metal Copyright The new JV will use BGM's existing assets including land, plants and associated facilities to build the 5,000tpy rare earth permanent magnet industrialization project.Asian Metal Copyright62 million US dollars).Asian Metal Copyright50% stake by providing 30 million yuan 4.Asian Metal Copyright With total investment of 490 million yuan (75.Asian Metal Copyright, Ltd.Asian Metal Copyright95 million US dollars), the project has a two-year constriction period (from Q4 2021 to Q4 2023).
.Asian Metal Copyright50% interest in the project; BGM will hold 7.Asian Metal Copyright
