Since 2023, Baotou Rare Earth High tech Zone in Inner Mongolia has been closely focusing on the development goals of Baotou City and other cities, fully carrying out rare earth investment and investment promotion work, accurately attracting a group of traction projects and leading enterprises, forming a hierarchical promotion and rolling development pattern of planning and reserves, signing and landing a batch, starting construction a batch, and putting into operation and achieving results a batch.

Recently, 22 enterprises including Inner Mongolia North Rare Earth Magnetic Materials Co., Ltd., Ningbo Xinlin Magnetic Industry Co., Ltd., and Inner Mongolia North Rare Earth New Material Technology Innovation Co., Ltd. signed contracts to settle in Baotou Rare Earth High tech Zone, with a total investment of 5.15 billion yuan. These projects have good market prospects, strong potential for development, and strong driving capabilities, which will trigger a new wave of rare earth project construction in Baotou and inject strong momentum into building Baotou into the city of rare earths.

The centrally signed projects involve fields such as rare earth functional materials, permanent magnet motors, and technological innovation platforms, including the construction project of 50000 tons of high-performance neodymium iron boron rapid solidification alloy annually produced by Inner Mongolia Northern Rare Earth Magnetic Materials Co., Ltd., and the project of 2000 tons of high-performance neodymium iron boron magnetic materials and high-precision deep processing annually produced by Ningbo Xinlin Magnetic Industry Co., Ltd. Among them, there are 6 rare earth functional materials projects with a value of over 100 million yuan, 6 scientific and technological innovation research and development platform and information platform projects, 4 rare earth permanent magnet motor projects, and 6 rare earth functional materials and application projects with a value of less than 100 million yuan.

Anchoring the goal of building a rare earth city, Baotou City is fully committed to developing the entire industry chain of rare earth permanent magnets, hydrogen storage, polishing, catalytic and auxiliary materials, rare earth alloys, rare earth+consumer goods, and building a complete industry ecosystem of rare earth technology research and development, achievement transformation, testing and certification, standard formulation, and rare earth trading. Baotou City is vigorously promoting Baotou rare earth from world-class reserves to world-class industries.

It is reported that in the first quarter of 2023, Baotou Rare Earth High tech Zone added 8 rare earth enterprises above designated size and accumulated 43, achieving a total output value of rare earth industry of about 10.8 billion yuan, and undertaking the implementation of 23 rare earth new materials and application projects above 100 million yuan. As of now, Baotou Rare Earth High tech Zone has signed 26 contracts to attract investment in rare earth projects, with a total investment of approximately 7 billion yuan, involving key core technologies such as rare earth functional materials, lanthanum cerium balance utilization, intelligent rare earth equipment, and a comprehensive service platform for technological innovation. In 2023, the rare earth industry output value of Baotou Rare Earth High tech Zone is expected to exceed 70 billion yuan, accounting for over 80% of Baotou City. Editor/Xie Li