Rare earth industry development situation stabilized recovery

January-April, Baotou Rare Earth industry revenue 98.72 million yuan to complete the tax, an income of 64.62 million yuan, an increase of 189.5%. It is understood that since the second half of 2012, affected by the international market, the Baotou Rare Earth industry downturn. Into 2015, as the international market pick up, combined with the entry into force of the municipal government subsidies rare earth new materials industry, as well as the restructuring and development of rare earth materials production and application of new enterprises, the steady rise of the rare earth industry development situation, the tax "gone", the situation is gratifying .

It is reported that the first quarter of this year, high-tech zone of rare earth permanent magnetic materials production grew 74.4%; permanent magnetic alloy production increased by 11%; 20 magnets, hydrogen storage, polishing materials enterprises amounted to 35 percent growth in electricity demand; more than 21 scale rare earth enterprises realized a total industrial output value of 1.9 billion yuan, an increase of 19%. Among them, the key sources of business north of rare earth (RE former Tech), the main product sales, sales revenue is increased significantly. The company from January to April the main products of mixed rare earth carbonate cumulative sales of 35,213 tons, an increase of 1413 tons; other rare earth compounds sold 637 tons, an increase of 416 tons, the sales income of 40.83 million yuan, an increase of 18.58 million yuan; hydrogen storage material sales 282 tons, an increase of 58 tons, the sales income of 30.58 million yuan, an increase of 9.62 million yuan.


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