2,000tpy rare earth permanent magnet material project to be built in Huaining county of Anhui

On May 26, the investment agreement on a 2,000tpy rare earth permanent magnet material project was signed between the project and Huaining economic and technological development zone of Anhui province.Asian Metal CopyrightOn May 26, the investment agreement on a 2,000tpy rare earth permanent magnet material project was signed between the project and Huaining economic and technological development zone of Anhui province.Asian Metal Copyright The project will have a total investment of RMB100 million (USD15.Asian Metal CopyrightOn May 26, the investment agreement on a 2,000tpy rare earth permanent magnet material project was signed between the project and Huaining economic and technological development zone of Anhui province.Asian Metal Copyright72 million), of which RMB30 million (USD4.Asian Metal Copyright72 million, of which RMB30 million USD4.Asian Metal Copyright72 million) will be invested in fixed assets.

By expanding and integrating with existing rare earth industrial resources, the project aims to cultivate a rare earth permanent magnet material industrial chain in Huaining county, with focuses on rare earth metallic materials, rare earth magnet materials and rare earth magnet components.

.Asian Metal Copyright72 million, of which RMB30 million USD4Asian Metal Copyright