JL MAG breaks ground on phase III rare earth magnet project
2025-07-10 11:53:35 [Print]
On July 9, JL MAG (Baotou) Technology Co., Ltd. began construction of the third phase of its rare earth permanent magnet project in Baotou's Rare Earth High-Tech Zone. With a total investment of RMB1.05 billion (USD146 million) and covering 115Mu (7.67 hectares), the phase III will build smart manufacturing workshops, production lines, and supporting infrastructure such as a substation, adding production capacity of 20,000 tonnes per annum of high-performance rare earth permanent magnets.
Once completed, JL MAG's Baotou base will have an annual production capacity of 40,000 tonnes of high-performance rare earth magnets, further cementing the company's position as the world's largest rare earth magnet producer and supporting Baotou's development as a leading rare earth industry hub.
Once completed, JL MAG's Baotou base will have an annual production capacity of 40,000 tonnes of high-performance rare earth magnets, further cementing the company's position as the world's largest rare earth magnet producer and supporting Baotou's development as a leading rare earth industry hub.
PrNd Oxide Pr6O11 25%, Nd2O3 75% EXW China
Unit:RMB/mt
China's praseodymium-neodymium mischmetal producers' sales to production ratio statistics by province by month
Unit: %
