Golden Dragon Rare Earth to build NdFeB magnets plant in Baotou
2024-08-06 14:55:45 [Print]
Fujian Golden Dragon Rare Earth Co
. , Ltd . , a holding subsidiary of XTC, has received board approval to set up a wholly-owned subsidiary, which will invest about RMB462 million (USD64 . 79 million) to build a 5,000tpa high-performance NdFeB magnets project in Baotou, Inner Mongolia . The project is expected to go into operation in the first half of 2026.