On Thursday, the Baotou Economic and Information Committee announced that China’s Ministry of Industry and Information Technology (MIIT) approved development of three additional rare earth metal and alloy production lines in the Jiuyuan Industrial Park in Baotou, Inner Mongolia—a region often referred to as China’s Rare Earth Kingdom.
In the past 2 months companies in Baotou have started to build-out 20,000 t.p.a. of new REE metals and alloys production capacity, noted Adamas Intelligence.
Among the new capacity approved is a 5,000 tonne-per-annum rare earth metals and alloys production line to be developed by Baotou Xinhao Rare Earth New Materials, as well as a 2,500 tonne-per-annum rare earth metals and alloys production line to be developed by Baotou Jigan Rare Earth New Materials.
Baotou Jigan Rare Earth New Materials also received approval for development of a 500 tonne-per-annum hydrogen storage alloy production line, which bodes well for rare earth demand in NiMH batteries if MIIT sees a need to approve additional production capacity for anode precursor.