Baotou received special funds for rare earth industry adjustment exceeding 100 million yuan
China Drying Reuters reported that in the national rare earth industry adjustment and upgrading special fund project that was just approved and passed, eight of the 17 projects declared by Baotou City in Inner Mongolia were successfully approved, and a total of RMB 102 billion was earmarked for special funds, which accounted for the total amount of national project funds. 20.48%, ranking first in the country. According to reports, this special national rare earth industry adjustment and upgrading fund was organized and implemented by the Ministry of Industry and Information Technology and the Ministry of Finance. Among the 8 projects approved by Baotou City, there are high-end application industrialization projects such as high-performance rare earth polishing powder projects and high-performance permanent magnetic materials industrial upgrading projects, as well as energy-saving emission reduction and technological transformation projects for new rare earth metal materials.
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