Hunan Rare Earth signs contracts to build 40ktpa monazite processing project

On August 8, Hunan Rare Earth Industry Group Co.Asian Metal Copyright66 billion and tax revenue of RMB1.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright signed contracts with the government of Lingling District for three rare earth projects in Hunan Rare Earth Advanced Materials Industry Park, including a 40,000tpa monazite processing project.

With total investment of around RMB10 billion (USD1.39 billion), Hunan Rare Earth Advanced Materials Industry Park is located in Huangtianpu, Lingling District and will be home to eight categories of project, including the recycling of monazite, separation of rare earth, comprehensive utilization of associated minerals, as well as battery grade iron phosphate, high-end rare earth polishing powder, high performance sintered neodymium boron magnets, high performance bonded permanent magnet materials, and high-end rare earth alloy materials.

The park will be developed in two phases. Phase one, with investment of RMB2.Asian Metal Copyright signed contracts with the government of Lingling District for three rare earth projects in Hunan Rare Earth Advanced Materials Industry Park, including a 40,000tpa monazite processing project.Asian Metal Copyright5 billion (USD347 million), is expected to complete by 2025 and would achieve annual sales revenue of around RMB5 billion (USD693 million) and tax revenue of RMB560 million (USD77.Asian Metal Copyright39 billion, Hunan Rare Earth Advanced Materials Industry Park is located in Huangtianpu, Lingling District and will be home to eight categories of project, including the recycling of monazite, separation of rare earth, comprehensive utilization of associated minerals, as well as battery grade iron phosphate, high-end rare earth polishing powder, high performance sintered neodymium boron magnets, high performance bonded permanent magnet materials, and high-end rare earth alloy materials.Asian Metal Copyright64 million).Asian Metal Copyright The park will be developed in two phases.Asian Metal Copyright The second phase is expected to complete by 2030 and would generate annual sales revenue of nearly RMB12 billion (USD1.Asian Metal Copyright The second phase is expected to complete by 2030 and would generate annual sales revenue of nearly RMB12 billion USD1.Asian Metal Copyright66 billion) and tax revenue of RMB1.Asian Metal Copyright5 billion USD347 million, is expected to complete by 2025 and would achieve annual sales revenue of around RMB5 billion USD693 million and tax revenue of RMB560 million USD77.Asian Metal Copyright5 billion (USD208 million).

.Asian Metal Copyright signed contracts with the government of Lingling District for three rare earth projects in Hunan Rare Earth Advanced Materials Industry Park, including a 40,000tpa monazite processing projectAsian Metal Copyright