High-purity rare metal metal and alloy project breaks ground in Liuyang
2024-01-11 11:56:08 [Print]
On January 10, Hunan Rare Earth Co
With a total investment of RMB1.02 billion (USD142 million), the project took less than six months to begin construction since the signing ceremony . It will be built in two phases, covering a land area of 83Mu (5 . 53 hectares) . The first phase of the project, with an investment of RMB370 million (USD51 . 66 million), will build three production lines for high-purity scandium metal, rare earth metal target materials (Al-Sc alloy target and Tb-Dy target), and high-end magnesium rare earth alloys . When fully operational, the project is expected to achieve annual operating revenue of RMB970 million (USD135 million) and an average annual net profit of RMB250 million (USD34 . 91 million).
. , Ltd . kicked off construction of the 25tpa high-purity rare earth metal target materials and 2,000tpa high-end rare earth alloys project at Liuyang Economic and Technological Development Zone in Hunan, China.
With a total investment of RMB1.02 billion (USD142 million), the project took less than six months to begin construction since the signing ceremony . It will be built in two phases, covering a land area of 83Mu (5 . 53 hectares) . The first phase of the project, with an investment of RMB370 million (USD51 . 66 million), will build three production lines for high-purity scandium metal, rare earth metal target materials (Al-Sc alloy target and Tb-Dy target), and high-end magnesium rare earth alloys . When fully operational, the project is expected to achieve annual operating revenue of RMB970 million (USD135 million) and an average annual net profit of RMB250 million (USD34 . 91 million).