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China builds R&D and industrial base for high-end rare earth NdFeB permanent magnet materials Hay:F05BJAT

On the evening of October 11, 2021, BJAT, the largest manufacturer of rare earth NdFeB permanent magnet materials in China, issued an announcement. In order to seize the new market development opportunities in the rare earth permanent magnet industry, the company and China’s largest manufacturer of rare earth materials: BFXT Rare Earth Material Technology Corporations have joined forces to give full play to their respective comparative advantages, and jointly invest in the establishment of a rare earth permanent magnet R&D and industrial base to jointly build a high-end rare earth permanent magnet industrial base with comprehensive competitive advantages.


BJAT occupies an important position in the international high-end application market and is one of the world's excellent suppliers of neodymium iron boron permanent magnet materials. However, the current scale of the company's rare earth permanent magnet industry is difficult to meet the rapid development of the market and support the company's strategic development needs. This investment will help further integrate the company’s talents, technology, and market advantages, and BFXT has the world’s largest rare earth resources and industrial chain advantages, exerting synergies, and quickly realizing the production capacity of 5,000 tons of new NdFeB products per year. Work together to build a high-end rare earth permanent magnet industry platform with comprehensive competitive advantages. After the completion of this project, the company's overall NdFeB production capacity will reach more than 10,000 tons. While effectively alleviating the capacity bottleneck, it will further release the scale effect, so that the company's rare earth permanent magnet business product supply capacity and market competitiveness will be further improved, and the overall strength will be improved. The significant increase in market position has laid the foundation for the company to enter the first international group of rare earth permanent magnets and further develop into a leader in the rare earth permanent magnet industry.

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