Chinas rare earth (0769) plans to invest 400 million to 500 million yuan to develop high-purity magnesia business.
Дата выпуска:2020-08-22 15:27
China Rare Earth (0769) said that after acquiring Suhai Magnesium Mine at the end of last year, it will develop high-purity magnesia business on the basis of fused magnesia business. The project will be launched in the second half of the year, with a total budget investment of 400 million to 500 million yuan. The project will be completed within two years. After the completion of the project, it can provide a stable supply of raw materials for the refractory business of the group, help to control costs and increase new sources of income.