Shenghe Resources released its 2021-2022 business development plan, targeting an operating income of over RMB10 billion (USD1.54 billion) and a net profit margin of 5% by 2022.

After years of development, Shenghe Resources owns a complete industry chain consisting of rare earth ore, smelting and separation as well as metal processing and records a steady development of zirconium-titanium beneficiation business. By now, the company actually controls around 50,000 tons of REO per annum and has an annual rare earth separation capacity, rare earth metal processing capacity and beach placer handling capacity of 15,000 tons, 12,000 tons and 500,000 tons respectively.

The production and sales plan of major products for the coming two years are as follows:

1. Rare earth ore (including hosted and underwriting products)
(Unit: Ton of REO)	2021	2022
Bastnaesite	40,000	40,000
Monazite	10,000	15,000
Total	50,000	55,000

 

2. Rare earth oxide (key elements)
(Unit: Ton)	2021	2022
PrNd related products	6,300	8,000
Dysprosium oxide	200	220
Terbium oxide	30	40

 

3. Rare earth metal (key elements)
(Unit: Ton)	2021	2022
PrNd related products	9,500	10,000
Dysprosium	200	200
Terbium	60	70

 

4. Zirconium-titanium
(Unit: Ton)	2021	2022
Zirconium sand	80,000	80,000
Titanium concentrate	200,000	300,000
Rutile	20,000	30,000