Today's Magnetic News
Time:
2017-11-18
The High-Tech Zone’s independently developed rare-earth end products have been recognized.
In 2016, the Baotou Rare Earth High-tech Industrial Development Zone signed agreements with 11 projects to locate within the zone, covering areas such as rare earth permanent magnet materials and downstream processing, automated magnetic‑material testing, and auxiliary equipment for multi‑wire cutting. By 2020, the zone’s production capacity for rare earth magnetic materials is expected to exceed 50,000 tons, with output surpassing 30,000 tons, making it one of the world’s largest bases for the production and sales of neodymium‑iron‑boron (NdFeB) rare earth materials and their advanced downstream products.
Along the way, Baotou’s rare-earth industry has attracted widespread attention. Following the founding of the People’s Republic of China, Vice Premier Fang Yi visited Baotou seven times to provide guidance on the development of the rare‑earth sector. In 2014, during his inspection of Inner Mongolia, President Xi Jinping emphasized the need to shift away from the traditional model of resource‑based growth that relies on “extracting and selling raw materials.”
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