NFC 7,000 Mt/Yr Rare Earth Separation Project Approved by NDRC

NFC Southern Rare Earth (Xinfeng) Company’s rare earth separation project was approved by the NDRC.

The project will be constructed in Huilong Town, Xinfeng County, Shaoguan city, Guangdong, and use mature cascade extraction separation technology to produce rare earth oxide. The rare earth separation project will have a capacity of 7,000 mt/yr, and produce 6,531.7 mt of rare earth oxide. It was invested RMB 612 million, with capital fund of RMB 300 million, which accounts for 49% of total investments. The capital needed will be raised by NFC Southern Rare Earth itself, and the remainder non-capital fund will be provided by bank loans. The company stated it will accelerate the construction of the project according to related regulations by central and local governments.


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