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- 🚨 Gate Alpha Ambassador Recruitment is Now Open!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Baogang Co., Ltd.: Plans to produce 390,000 tons of rare earth concentrates by 2025.
On July 16, Jin10 reported that Baogang Co., Ltd. announced that during the investor relations activity, the company introduced the situation of its rare earth resources, the pricing mechanism for rare earth concentrates, cost reduction and efficiency enhancement measures in the steel zone, technical breakthroughs in rare earth steel products, and market expansion. The company prices rare earth concentrates each quarter based on the average price of the previous quarter's five-network rare earth oxides, according to the announced pricing mechanism and pricing formula, and announces the pricing situation for rare earth concentrates in the early days of the first month of each quarter. It plans to produce 390,000 tons of rare earth concentrates in 2025.