北方稀土: 北方稀土对外投资项目实施进展公告

Core Viewpoint - China Northern Rare Earth (Group) High-Tech Co., Ltd. has announced the establishment of a joint venture with Fujian Jinlong Rare Earth Co., Ltd. to build a rare earth separation production line, aiming to enhance the high-quality utilization of rare earth resources [1]. Group 1: Investment and Project Details - The company will invest 153 million yuan in the joint venture, named Northern Jinlong (Baotou) Rare Earth Co., Ltd., which will have an annual production capacity of 5,000 tons of rare earth oxide separation [1]. - The joint venture has passed the anti-monopoly review by the State Administration for Market Regulation and has completed its business registration, obtaining a business license [1]. Group 2: Company Structure and Operations - Northern Jinlong is a limited liability company with a registered capital of 300 million yuan, where the company holds a 51% stake and Jinlong Rare Earth holds 49% [1]. - The company is located in Baotou, Inner Mongolia, and its business scope includes non-ferrous metal processing, rare earth metal smelting, sales of rare earth functional materials, and various consulting services [1].