The company is mainly engaged in rare earth raw materials, rare earth functional materials and some rare earth terminal application products. Northern Rare Earth is the leading light rare earth enterprise in the world. The company has formed an industrial structure based on the development and utilization of rare earth deposits in Baiyun Obo, with smelting separation as the core, new material field construction as the focus, and terminal application as the expansion direction.
The company focuses on the development and utilization of rare earth minerals in Baiyun Obo. Baiyunebo mine is a complex polymetallic mine with the largest reserves of rare earth, iron, niobium and thorium in China. At present, the proven rare earth resources are about 654.38 million tons, and the average rare earth oxide (REO) is 3% ~ 5%, accounting for about 38% of the world's reserves.
The mining right of Baiyunebo Mine and the franchise right of rare earth in Inner Mongolia are owned by Baotou Steel Group, the controlling shareholder of the Company, and its subsidiary, Baotou Steel. The controlling shareholder of the company is Baotou Iron and Steel (Group) Co., Ltd., accounting for 38.92% of the total shares. The actual controller is the People's Government of Inner Mongolia Autonomous Region, which is a state-owned enterprise.
Present situation of rare earths in China
China is truly the largest country with rare earth resources in the world, and its proven rare earth resources are about 65.88 million tons. 20 12 On June 20th, the State Council Press Office released the white paper "Rare Earth Status and Policies in China". According to the document, China is responsible for more than 90% of the world's market supply with 23% of rare earth resources.
The rapid development of rare earth industry in China not only meets the needs of domestic economic and social development, but also makes an important contribution to the global rare earth supply. For a long time, China has earnestly fulfilled its commitment to join the World Trade Organization, abided by the rules of the World Trade Organization, and promoted fair trade in rare earths.
China is not only rich in rare earth resources, but also has the advantages of complete minerals and rare earth elements, reasonable rare earth grade and occurrence distribution, which has laid a solid foundation for the development of rare earth industry in China.
The metallogenic conditions of rare earth resources in China are very favorable, and the types of deposits are complete, widely distributed and relatively concentrated. At present, thousands of mineral deposits, occurrences and mineralization points have been discovered in more than two thirds of provinces (regions) in China.
However, it is concentrated in Baiyun Obo, Gannan in Jiangxi, Peyo in Guangdong, Liangshan in Sichuan, Weishan in Shandong and other Inner Mongolia regions, forming a distribution pattern of north, south, west and east, with the characteristics that the north is light and the south is heavy.
Reference to the above content: Baidu Encyclopedia-China North Rare Earth (Group) High-tech Co., Ltd.