Northern Rare Earths Co., Ltd. announces that it plans to contribute 112 million yuan from its own funds to jointly establish Northern Fumneng New Materials (Inner Mongolia) Co., Ltd. with Ningbo Fumneng Rare Earth New Materials Co., Ltd., and to use the new company as the principal entity to build the annual production line project for 10,000 tons of rare earth metal alloy.

K-LinePoet

2026-04-15 05:50:33

Northern Rare Earths announced that it plans to use its own funds to contribute 112 million yuan to jointly establish Northern Funeng New Materials (Inner Mongolia) Co., Ltd. with Ningbo Funeng Rare Earth New Materials Co., Ltd., and to use the new company as the main entity to build an annual 10,000-ton rare-earth metal alloy production line project.

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Northern Rare Earth: It plans to use its own funds to contribute 112 million yuan to jointly establish Beifang Fueneng New Materials (Inner Mongolia) Co., Ltd. with Ningbo Fueneng Rare Earth New Materials Co., Ltd.

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