Earth-Panda (Baotou) Permanent Magnet Technology Co., Ltd. started production at its 5,000tpa high performance rare earth permanent magnet materials and devices project on November 8.

The project is an important part of Earth-Panda's development strategy for the 14th five-year plan period and Baotou subsidiary would become the company's biggest rare earth permanent materials R&D and production base outside its headquarters.

The project, covering 139Mu (9.27 hectares) and with a floor area of 74,760 square meters, has an annual production of 5,000t of high performance NdFeB permanent magnet materials.