Baotou Rare Earth High-Tech Industrial Development Zone marked further development progress with the added value of its three pillar industries reaching 2.886 billion yuan in the first five months of 2018, reports Baotou Daily.

The three leading industries, which are rare earth, aluminum and copper, and industrial equipment, realized added value of 2.89 billion yuan ($433 million), contributing 80 percent of the added value of industrial enterprises above a designated size in the high-tech district.

Among them, the rare earth industry realized an added value of 851 million yuan, a year-on-year increase of 23.9 percent. The aluminum and copper industry realized an added value of 1.58 billion yuan, showing year-on-year increase of 1.6 percent. And the equipment industry realized an added value of 454 million yuan, a year-on-year decrease of 29 percent.

Approved by the State Council in 1992, Baotou Rare Earth High-Tech Industrial Development Zone is the only high-tech district dedicated to the rare earth industry among China’s 53 national high-tech zones, and is the only national-level high-tech zone in Inner Mongolia.                                 

The zone has formed rare earth industrial clusters integrating rare earth production, scientific research, trading, inspection, information, financing and academic exchanges. There are 97 rare earth industrial enterprises, of which seven are rare earth raw material enterprises, 53 are new rare earth materials enterprises, and seven are rare earth terminal application companies.

Also, the district boasts the Baotou Research Institute of Rare Earths, the largest comprehensive research and development organization into rare earth technology in China.

Baotou Rare Earth High-Tech Industrial Development Zone [Photo/internet]