Xiamen Tungsten's rare earth permanent magnet project nears commissioning
2025-05-22 13:55:25 [Print]
By mid-May, the new plants for Xiamen Tungsten's rare earth permanent magnet materials project had been completed and passed final acceptance. Key equipment such as hydrogen decrepitation units, jet mills, presses, and sintering furnaces are being delivered and installed, with commissioning currently underway.
Located in the Baotou Rare Earth Permanent Magnet Motor Industrial Park, the project covers an area of 200 Mu (approximately 13.33 hectares) and involves a total investment of 2 billion yuan (278 million US dollars). Phase I of the project, with an investment of 460 million yuan (63.85 million US dollars), is designed to produce 5,000 tonnes per annum of rare earth permanent magnet materials. The first phase, scheduled to begin production this June, is expected to generate annual sales revenue of around 750 million yuan (104 million US dollars).
Future phases will add production capacity of 15,000tpa, which is anticipated to come on stream by the end of 2027. Once fully operational, the project will have a total production capacity of 20,000tpa, with an estimated annual output value of around 4 billion yuan (555 million US dollars).
Located in the Baotou Rare Earth Permanent Magnet Motor Industrial Park, the project covers an area of 200 Mu (approximately 13.33 hectares) and involves a total investment of 2 billion yuan (278 million US dollars). Phase I of the project, with an investment of 460 million yuan (63.85 million US dollars), is designed to produce 5,000 tonnes per annum of rare earth permanent magnet materials. The first phase, scheduled to begin production this June, is expected to generate annual sales revenue of around 750 million yuan (104 million US dollars).
Future phases will add production capacity of 15,000tpa, which is anticipated to come on stream by the end of 2027. Once fully operational, the project will have a total production capacity of 20,000tpa, with an estimated annual output value of around 4 billion yuan (555 million US dollars).
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