Baogang Lingzhi Rare Earth Hi-tech starts construction of rare earth new material project

On the morning of 17 October, Zibo Baogang Lingzhi Rare Earth Hi-tech Co.Asian Metal Copyright08 billion USD0.Asian Metal Copyright Ltd.Asian Metal Copyright After the project reaches designed production capacity, the company will be the largest high-end rare earth polishing material producer in the world, with an annual prime operating revenue of RMB3 billion USD0.Asian Metal Copyright held the commencement ceremony for its rare earth new material project in Jinshan Industrial Park.

With a total investment of RMB1.08 billion (USD0.Asian Metal Copyright Ltd.Asian Metal Copyright16 billion), the project consisting of extraction and separation, high-end rare earth polishing material, rare earth new material and supporting public ancillary facilities will be constructed in two phases.Asian Metal Copyright After the project reaches designed production capacity, the company will be the largest high-end rare earth polishing material producer in the world, with an annual prime operating revenue of RMB3 billion USD0.Asian Metal Copyright The first phase project with a construction period of 12 months is expected to be completed and put into commercial production in mid-October 2021 and the second phase project is expected to be completed and put into commercial production in mid-July 2023.Asian Metal CopyrightOn the morning of 17 October, Zibo Baogang Lingzhi Rare Earth Hi-tech Co.Asian Metal Copyright After the project reaches designed production capacity, the company will be the largest high-end rare earth polishing material producer in the world, with an annual prime operating revenue of RMB3 billion (USD0.Asian Metal Copyright The first phase project with a construction period of 12 months is expected to be completed and put into commercial production in mid-October 2021 and the second phase project is expected to be completed and put into commercial production in mid-July 2023.Asian Metal Copyright45 billion) and an annual profit tax of RMB560 million (USD84.Asian Metal Copyright After the project reaches designed production capacity, the company will be the largest high-end rare earth polishing material producer in the world, with an annual prime operating revenue of RMB3 billion USD0.Asian Metal Copyright21 million).

.Asian Metal Copyright16 billion, the project consisting of extraction and separation, high-end rare earth polishing material, rare earth new material and supporting public ancillary facilities will be constructed in two phasesAsian Metal Copyright