Exploring "The World's Rare Earth Capital" - Baotou in 2 Minutes

Nestled at the southern tip of the vast Inner Mongolia Plateau, lies Baotou, a city renowned as "The World's Rare Earth Capital." In Mongolian, it's known as "Baoketu," meaning "a place with deer." Today, let's delve into Baotou and uncover more about this esteemed title.

Why is Baotou hailed as "The World's Rare Earth Capital"?

One of the primary reasons Baotou earns this accolade is its abundant reserves of rare earth resources. Located within the city, the Baiyun Ebo mining area boasts the world's largest rare earth deposit, with proven reserves reaching 43.5 million tons. This figure accounts for 83.7% of China's total reserves and 37.8% of the global total, making it a globally rare mining area containing all rare earth elements.

Beyond its natural endowment, Baotou is also home to a pivotal steel production base and the largest rare earth research and production facility in China, represented by Baotou Iron & Steel (Group) Co., Ltd. As a multi-million-ton steel enterprise in China, Baotou Steel Group holds a significant position in the global rare earth industry. Its rare earth oxide production accounts for over 40% of the national market share, while neodymium-iron-boron, negative electrode powder, and polishing powder functional materials occupy more than 20% of the national market. Additionally, its rare earth metal praseodymium-neodymium holds a 30% share of the national market. In particular, the "Baiyun Ebo" brand of rare earth products enjoys a prestigious reputation both domestically and internationally.

How does the rare earth industry bolster Baotou's economy?

The rare earth industry plays a pivotal role in Baotou's economy. In recent years, Baotou has focused on establishing itself as "the largest rare earth new material base in China" and "a globally leading rare earth application base." It has concentrated efforts on attracting leading industry enterprises and projects, vigorously promoting the research and production of rare earth permanent magnetic materials, hydrogen storage materials, polishing materials, and other functional materials. Among the top ten magnetic material enterprises in China based on comprehensive strength, seven have already settled in Baotou. The city boasts a comprehensive range of rare earth new material industries with complete industrial chains, ranking second nationally in permanent magnetic material production capacity and first in hydrogen storage, polishing, and alloy material production capacity.

Conclusion:

As "The World's Rare Earth Capital," Baotou is leveraging its abundant resources, sophisticated industrial system, and robust technological innovation capabilities to drive the high-quality development of the rare earth industry. It is believed that in the near future, Baotou will continue to make remarkable achievements in the rare earth industry, contributing more "Baotou Power" to global economic development.