Rising Nonferrous Metals’ Production Capacity of Rare Earth Mines May Reach 2,700 Tons in 2023

Since the amount of self-produced rare earth ore is still gradually increasing, Guangsheng Nonferrous Metals cannot meet its own needs for the time being. More than 70% of rare earth mines in 2022 will be sourced externally, mostly from abroad. In order to reduce the amount of rare earth mines purchased from outside, and according to this year’s production plan, the company will further increase the production capacity of rare earth mines and strive to achieve the production target of 2,700 tons. In addition, the company is working hard to promote the approval of the Xinfeng rare earth project, land acquisition and land lease, and strive to complete the mine construction and development as soon as possible.

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