China to expand rare earth mine output by 50% in Inner Mongolia

China intends to boost production at the Bayan Obo mine in Inner Mongolia by 50%, increasing its annual output from 10 million to 15 million tonnes. This expansion, involving a US$74 million investment by Baogang Group, primarily targets iron ore, with rare earths being a by-product. Despite the increased mining capacity, China's rare earth production policy, which is subject to quotas, is expected to remain unchanged. AI

RANK_REASON Significant investment and expansion of a major resource deposit. [lever_c_demoted from significant: ic=1 ai=0.1]

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• Baogang Group
• Bayan Obo Mining District
• China
• Inner Mongolia
• Li Yang
• Peking University

• other

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