Since 2022, the Baotou Rare Earth High-tech Industrial Development Zone has promoted the high-quality development of rare earth industry through the construction of major projects.

The district has organized and implemented 125 major projects with an investment of more than 100 million yuan ($14.21 million) each and a total investment of 67.8 billion yuan, including 83 industrial projects and 75 strategic emerging industry projects.

The district has developed and expanded its advantageous industrial chain and implemented 36 rare earth industry projects with a total investment of 9.88 billion yuan. The number of projects under construction and the amount of investment in the rare earth industry have reached new highs.

Six of the top 10 rare earth magnetic enterprises in China have set up operations in the zone, and the production capacity of rare earth permanent magnetic materials has reached 150,000 metric tons, accounting for one third of the national total.

Relying on the rare earth industry, Baotou has become the only city selected by the Ministry of Industry and Information Technology to serve as a pilot zone for industrial chain and supply chain ecosystem construction. 

Driven by major projects, the total industrial output value of the rare earth high-tech zone is expected to exceed 100 billion yuan for the first time, and it is expected to exceed 110 billion yuan by the end of the year, with a year-on-year growth of more than 50 percent.