BFXT Rare Earth (Group) High-tech Co., Ltd. was founded in 1961. The company's total assets are 21.190 billion yuan, net assets are 8.911 billion yuan, and its market value is 36.912 billion yuan. As of the end of 2017, the company had a total of more than 9,600 employees.
The company mainly produces and operates rare earth raw material products (rare earth salts, rare earth oxides and rare earth metals), rare earth functional material products (rare earth magnetic materials, polishing materials, hydrogen storage materials, luminescent materials, catalytic materials) and some rare earth application products (nickel hydrogen Power battery, rare earth permanent magnetic resonance instrument, LED lamp beads). After more than 50 years of development, Northern Rare Earth has nearly 40 including direct-owned factories (branches), wholly-owned, holding, and joint-stock companies in 10 provinces (municipalities) and autonomous regions of the country. It has rare-earth smelting, functional materials, and deep-processing application products. The complete industry chain is a high-tech enterprise group that spans regions, ownerships, and fields.
The company relies on the advantages of Baiyun Ebo rare earth resources controlled by the controlling shareholder BT steel (Group) Company to purchase rare earth raw materials of the subsidiaries of the controlling shareholder. Under the guidance of the national total rare earth control plan, the company will directly The rare-earth raw materials are processed into mixed rare-earth carbonate, and the company's direct factories and holding and joint-stock companies will separate the mixed rare-earth carbonate into single or mixed rare-earth salts, rare-earth oxides and rare-earth metal products. The company conducts unified acquisition and sales of the above rare earth smelting and separation products, and at the same time, it plays the role of a subordinate international trade company to carry out diversified trade in rare earth and non-rare earth, and expand trade. The company leverages the scientific research advantages of its rare earth research institutes to provide technical support for industrial operations. In order to increase the added value of rare earth products, promote the use of rare earth resources and promote high added value, the company develops, produces, and sells new rare earth materials, functional materials, and end applications through wholly-owned, joint ventures, and joint reorganization of rare earth material processing and end application companies. Products, extending the industrial chain.
Over the years, BFXT Rare Earth has adhered to the development idea of "refining and fine-tuning rare earth raw materials, strengthening and optimizing rare earth materials, and expanding downstream end-use application products." It can produce all kinds of rare earth products in a total of 11 categories, more than 50 species, and nearly 1,000 Specifications. At present, the company's smelting separation capacity is 80,000 tons / year, and the rare earth metal production capacity is 10,000 tons / year. The rare earth raw material production capacity ranks first in the world; the rare earth functional materials have a magnetic material alloy of 30,000 tons / year, the production capacity ranks first in the world; polishing Materials production capacity is 14,000 tons / year, hydrogen storage alloys are 3,000 tons / year, occupying more than half of the domestic market share; luminescent materials are 1,000 tons / year. In the field of rare earth application products, it has built a production base of 100 rare earth permanent magnetic resonance imagers per year, a capacity of 1 million round nickel-hydrogen power batteries for hybrid cars per year, and 6 billion LED packages per year.