According to the Baotou Industry and Information Bureau, from January to February 2025, the industrial added value of large-scale enterprises in Inner Mongolia grew by 5.8% year-on-year. By major industry categories, the mining sector saw a 2.5% increase in added value, manufacturing grew by 10.3%, and the production and supply of electricity, heat, gas, and water rose by 7.1%. In terms of specific products, raw coal output reached 207 million tons, up 2.0%; power generation totaled 135.98 billion kilowatt-hours, up 1.2%. Notably, renewable energy generation amounted to 41.35 billion kilowatt-hours, surging by 35.5%, while the production of monocrystalline silicon, polycrystalline silicon, and rare earth compounds increased by 43.5%, 47.8%, and 9.5%, respectively.

Rare earth market update on March 20, 2025

The domestic rare earth market has generally maintained stable operation. On one hand, downstream users show low buying interest, and market demand lacks momentum; on the other hand, the positive supporting factors from earlier periods are gradually fading.

Recently, an enterprise in Baotou City achieved large-scale production with its "Rare Earth Magnetic Overtaking Clutch First-Unit Industrialization Project." Leveraging an advanced structural design, this project has increased the average service life of overtaking clutches in planetary gearboxes of domestic loaders by more than 2,000 hours. The product's low cost and extended lifespan have disrupted the long-standing monopoly of imported fixed-shaft gearboxes from abroad.

Rare earth market update on March 19, 2025

The domestic rare earth market has generally maintained stable operations, primarily reflected in traders sticking to rigid transactions, with product price showing no significant changes.