Northern Rare Earth to set up JV for rare earth oxide separation project
2024-12-31 16:12:05 [Print]
China Northern Rare Earth (Group) High-Tech Co., Ltd. announced that it plans to invest RMB153 million (USD20.96 million) to set up a joint venture with Fujian Golden Dragon Rare-Earth Co., Ltd., a partially-owned subsidiary of Northern Rare Earth.
The proposed joint venture, tentatively named Northern Gold Dragon (Baotou) Rare Earth Co., Ltd., will build a 5,000tpa rare earth oxide separation production line, with a total planned investment of RMB457 million (USD62.61 million), and construction for the project is scheduled to be completed by late 2026.
The proposed joint venture, tentatively named Northern Gold Dragon (Baotou) Rare Earth Co., Ltd., will build a 5,000tpa rare earth oxide separation production line, with a total planned investment of RMB457 million (USD62.61 million), and construction for the project is scheduled to be completed by late 2026.
