Recently, the first two rare earth metal projects in the Inner Mongolia Rare Earth New Materials Industrial Park have begun construction, and the remaining three rare earth metal projects are in the early stages of formalities.
It is understood that the two rare earth metal projects that have been started are Baotou Jinweida Rare Earth Materials Co., Ltd. with an annual output of 7,500 tons of rare earth metals and alloys, and Baotou Prime New Materials Co., Ltd. with an annual output of 3,000 tons of rare earth metals and alloys After the project reaches full capacity, the annual output value will reach 1.8 billion yuan and 700 million yuan, respectively, and the annual tax payment will reach 40 million yuan and 10 million yuan, respectively.