Construction completed for LaCe new materials project in Baotou

On July 21, Aide Rare Earth Refractory formally completed the construction of its 120,000tpa lanthanum-cerium new materials project in Baotou.

The project mainly includes a R&D center for rare earth refractory, workshop and warehouse, with a total land area of 45,620 square meters.

When fully operational, the project is expected to achieve annual sales revenue of RMB500 million (USD68.75 million) along with tax revenue of RMB80 million (USD11 million), and would help create around 300 jobs.