2020 Inner Mongolia rare earth raw materials in situ conversion rate

In deepening the structural reform of the supply side, Inner Mongolia has transformed and upgraded the traditional industries, extended the industrial chain of coal and rare earths, etc., so that the integration of coal, electricity and aluminum has reached 65%, and the in-situ conversion rate of rare earth raw materials has reached 70%, and the output value of new materials such as permanent magnets of rare earths, hydrogen storage, and polishing has ranked among the national frontrunners. Therefore, in 2020, Inner Mongolia rare earth raw materials in situ conversion rate of 70%.

The most important use of rare earth raw materials is rare earth permanent magnet materials. The third generation of rare earth permanent magnetic materials ammonium iron boron materials are mainly prepared from praseodymium ammonium light rare earth.