Para responder activamente a la política nacional de construir completamente el “Dos bases de tierras raras”, JLMAG’s board of directors, adhering to the vision of “becoming a leading enterprise in the global rare earth permanent magnet industry”, based on market demand and in line with the company’s own business development requirements, and on the basis of achieving a production capacity of 40,000 tons of high-performance rare earth permanent magnet materials by 2025, JLMAG plans to invest and construct the “Green Intelligent Manufacturing Project with an Annual Output of 20,000 Tons of High-Performance Rare Earth Permanent Magnet Materials” through its wholly-owned subsidiary JL MAG RARE-EARTH (BAOTOU) CO., LIMITADO. The total planned investment of the project is 1,050 million yuan.
The construction period of the project is 2 years. After completion, JLMAG will have an annual production capacity of 60,000 tons of high-performance rare earth permanent magnet materials.
The construction of this project is a crucial measure for JLMAG to further solidify its group-level production capabilities. It enables JLMAG to refine its industrial layout, expand its business scale, and meet the order requirements of customers in new energy and energy-saving and environmental-protection sectors such as new-energy vehicles, variable-frequency air conditioners, and humanoid robots. This aligns with relevant national industrial policies and JLAMG’s overall strategic development direction in the future, enhancing JLMAG’s industry standing and risk-resilience, and strengthening its comprehensive strength. After the project is completed, it will help JLMAG achieve capacity expansion and efficiency enhancement, give full play to the advantages of each production base within the group, further cut production costs, and boost product competitiveness.
