It was reported that Baotou Huize Aluminum and China Northern Rare Earth Group built a project of new rare earth aluminum alloy and high-end industrial aluminum extrusions together.
The total investment was RMB 600 million, with an annual output of 300,000 tons of aluminum alloy casting bars (ingots) and 100,000 tons of special aluminum alloy industrial extrusions.
Also, RMB 300 million of investment was scheduled in 2020. It was expected that the new project will bring an annual sales revenue of RMB 5 billion after starting the operation.
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