Baotou in Inner Mongolia strives to make rare earth magnetic materials' output surpass 30,000t in 2020
2017-11-10 18:02:25 [Print]
Baotou in Inner Mongolia makes up for its shortcomings and strengthens weaknesses by focusing on its competitive industries in iron & steel, rare earth, equipment manufacturing and others, and accelerates the supply-side structural reform to promote its industries to enter into the medium-to-high-end global value chain and first build an important modern industry system in Inner Mongolia Autonomous Region.
As a heavy industry city, Baotou expects the output of rare earth magnetic materials to surpass 30,000t by 2020 and the high-end products account for 50%; the comprehensive utilization of light rare earth reaches more than 20,000t with the conversion and utilization rate being over 50% then. The proportion of high-quality steel and special steel reaches up to about 95%; the aluminum capacity is expected to be 5 million tons and the processing conversion rate of primary aluminum on the spot surpasses 85%. The equipment manufacturing achieves a value of more than RMB280 billion, accounting for over 60% of the total proportion in Inner Mongolia Autonomous Region.
As a heavy industry city, Baotou expects the output of rare earth magnetic materials to surpass 30,000t by 2020 and the high-end products account for 50%; the comprehensive utilization of light rare earth reaches more than 20,000t with the conversion and utilization rate being over 50% then. The proportion of high-quality steel and special steel reaches up to about 95%; the aluminum capacity is expected to be 5 million tons and the processing conversion rate of primary aluminum on the spot surpasses 85%. The equipment manufacturing achieves a value of more than RMB280 billion, accounting for over 60% of the total proportion in Inner Mongolia Autonomous Region.
