Baotou's rare earth industry achieved an output value of 35.5 billion yuan in the first November, the highest growth rate in the same period in the past 10 years

　　China News Service, Baotou, December 20 (Reporter Li Aiping) On the 20th, the 13th China Baotou Rare Earth Industry Forum kicked off here in 2021. Officials stated that Baotou's rare earth industry achieved an output value of 35.5 billion yuan in the first November.

　　On the same day, Wang Xiulian, a member of the Baotou City People’s Government Party Group, stated during a government promotion that Baotou’s rare earth industry achieved an output value of 35.5 billion yuan in the first November of this year, an increase of 70% year-on-year, the highest growth rate over the same period in the past 10 years.

　　In the construction of rare earth industry projects, Baotou City has also achieved good results.

According to reports, the city has 42 key rare earth projects under construction throughout the year, with a total investment of 12.9 billion yuan. The number of projects under construction and the total investment are the largest in history.

　　It is worth mentioning that the city's investment promotion achievements in the rare earth industry have also made significant gains.

　　Wang Xiulian said that as of now, Baotou City has signed 54 rare earth industry projects this year and 49 rare earth projects are under discussion. More than 60 projects will be signed for the whole year, and the agreement funds will exceed 26 billion yuan.

At present, 6 of the top ten rare earth magnetic materials companies in the country have settled in Baotou.

　　In addition, the city will also carry out a series of precision innovations to realize the continuous supply of scientific research results of the rare earth industry, promote industrial application, lead the development of the rare earth industry to high precision, accelerate the construction of the national rare earth functional material innovation center, and promote rare earth magnetic materials and hydrogen storage. Construction of technological innovation platforms for materials and applications, etc.

　　Public information shows that Baotou City, Inner Mongolia, is rich in rare earth resources. The Bayan Obo Mine is the world's largest rare earth mine. The proven rare earth resource reserves are 43.5 million tons, accounting for 83.7% of the national total and 37.8% of the global total.

(Finish)