China accelerates rare earth industry integration in Hunan

In August 2010, Hunan Rare Earth New Materials Co., Ltd.Asian Metal Copyright Xiangtan Electric Manufacturing's participation in the company, the main reason is that wind power generator projects need 1000 or more tons of NdFeB magnets products each year, while wind power equipment has become a new profit project for Xiangtan Electric Manufacturing Co.Asian Metal Copyright set up in Changsha with a registered capital of RMB100,000,000.Asian Metal Copyright and other companies.Asian Metal Copyright Hunan Rare Earth Metal & Material Institute which was founded in 1958 holds 51% share of the new company, and the rest 49% share is held by Xiangtan Electric Manufacturing Co.Asian Metal Copyright It is predicted that the NdFeB industry will maintain 15% global growth in the next five years.Asian Metal Copyright, Ltd.Asian Metal Copyright set up in Changsha with a registered capital of RMB100,000,000.Asian Metal Copyright and other companies.

The company's core products are sintered NdFeB magnet, rare earth phosphor, energy saving lamp and rare earth alloy material.

The markets is taking shape for the NdFeB permanent magnet as a major material in wind power, new energy vehicles, energy-saving compressors and other areas. It is predicted that the NdFeB industry will maintain 15% global growth in the next five years.Asian Metal Copyright The company's core products are sintered NdFeB magnet, rare earth phosphor, energy saving lamp and rare earth alloy material.Asian Metal Copyright It is also an indispensable raw material of new energy vehicles.

Xiangtan Electric Manufacturing's participation in the company, the main reason is that wind power generator projects need 1000 or more tons of NdFeB magnets products each year, while wind power equipment has become a new profit project for Xiangtan Electric Manufacturing Co., Ltd.