China Northern Rare Earth's Magnetic Materials Unit Intensifies Efforts to Achieve Annual Targets

China Northern Rare Earth(Group)High-Tech Co.,Ltd.'s magnetic materials subsidiary is fully implementing the spirit of the Fourth Plenary Session of the 20th CPC Central Committee. Focused on annual production and operational goals, the company is actively responding to complex market conditions by driving innovation and prioritizing quality improvement and efficiency gains.

The company is formulating its 15th Five-Year Plan (2026-2030) development blueprint, aligning with national strategic objectives. Key initiatives include major project construction, structural reforms, industrial chain optimization, and cost reduction. This roadmap aims to guide sustainable growth and solidify its position as a global leader in rare earth magnetic alloy production.

To achieve full-year targets, the company is capitalizing on policy opportunities from China's "Two Rare Earth Bases" initiative. It's enhancing alloy processing services for new magnet enterprises in Baotou, optimizing sales channels by region, introducing new standardized products to downstream clients, and strengthening customer risk management.

Construction is accelerating on the 50,000-ton high-performance NdFeB rapid-quenching alloy project, with strict oversight of timelines and quality control. The company aims to operationalize Phase I production lines by year-end while advancing technical upgrades at its Ningbo Zhanhao smelting facility and improving magnetic powder capacity at Beijing Sanjili.

Technological innovation remains central to competitiveness. The company is upgrading centralized control systems across subsidiaries, solving production challenges through R&D, and strengthening its rare earth magnet industry innovation consortium.

Cost management initiatives include establishing comprehensive control systems, implementing multi-dimensional benchmarking among subsidiaries, and optimizing processes to reduce material procurement expenses. These measures aim to maximize efficiency gains across operations.

Moving forward, China Northern Rare Earth's magnetic materials unit will intensify production scheduling, project monitoring, market expansion, and technological advancement to successfully complete its annual operational objectives.