The "Theoretical and Technological Innovation and Breakthrough in Exploration of the Bayan Obo Carbonate Rock Type Iron Rare Earth Niobium Deposit", completed by Baotou Steel Group Co, the Institute of Mineral Resources of Chinese Academy of Geological Sciences, and the Chinese Academy of Geological Sciences, was recently rated as a major geological exploration achievement in 2024.

Baotou Steel Group Co, the Institute of Mineral Resources, and the Chinese Academy of Geological Sciences jointly established the Bayan Obo Scientific Research Base in 2019. The base ensures the supply of strategic mineral resources such as rare earth, iron, and fluorite, innovates the mineralization theory of the Baiyun Obo deposit, achieves breakthroughs in deep mineral exploration, and improves the comprehensive utilization efficiency of resources.

Since the base's establishment, the research team has achieved a series of outstanding results in mineralization theory, mineral exploration breakthroughs, resource evaluation, and scientific discoveries through innovative working mechanisms, interdisciplinary collaborative research, and multi-channel funding.

The Bayan Obo Mine is a treasure bestowed upon humanity by nature. Its rich and diverse mineral resources are crucial for ensuring the supply of strategic mineral resources in China.

Baotou Steel Group Co has been increasing its investment in scientific research and promoting basic research, comprehensive development, and utilization of mineral resources in Bayan Obo, laying a foundation for the protective development and high-quality utilization of mineral resources.

The company will enhance technological innovation, promote research and development of key strategic mineral resources such as iron, rare earth elements, fluorite, and niobium, and take a leading role in technological advancement. It will also provide robust raw material support for strategic emerging industries such as new energy, new materials, and high-end equipment manufacturing.