Xiamen Tungsten to build 5,000tpy high-performance rare earth magnetic material project

On December 14, Xiamen Tungsten announced that its fully owned subsidiary Jinlong Rare Earth planned to invest RMB635.Asian Metal Copyright36 million in building a 5,000tpy high-performance rare earth magnetic material project.Asian Metal Copyright80 million (USD91.Asian Metal Copyright80 million USD91.Asian Metal Copyright36 million) in building a 5,000tpy high-performance rare earth magnetic material project.Asian Metal Copyright36 million in building a 5,000tpy high-performance rare earth magnetic material project.Asian Metal Copyright The company will make use of exiting workshops and build three new workshops and buy production equipment and related auxiliary facilities for the project; and when in operation, the project will have a 5,000t production capacity of high-performance rare earth magnetic materials used in energy-saving motors.

.Asian Metal Copyright80 million USD91Asian Metal Copyright