Zhaobao Magnet commences construction of 5ktpy NdFeB rare earth permanent magnetic material project in Zhenhai
2022-10-31 17:28:55 [Print]
On October 28, Ningbo Zhaobao Magnet Co., Ltd. formally commenced construction of its 5,000tpy NdFeB rare earth permanent magnetic material project in Zhenhai, Ningbo. With a total investment of RMB320 million (USD43.84 million), the project will cover a land area of 50,000 square meters and will have an annual production capacity of 5,000t of rare earth permanent magnetic materials. When going to operation, it is expected to bring in an annual sales revenue of over RMB1.5 billion (USD0.21 billion) and taxation of around RMB140 million (USD19.18 million).
Neodymium Oxide 99.5%min FOB China
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China praseodymium-neodymium oxide recycling producers' inventory to production ratio statistics by province by month
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