Northern Jinlong (Baotou) Rare Earth

Northern Jinlong (Baotou) Rare Earth Co., Ltd. (北方金龙（包头）稀土有限公司) is a joint venture of China Northern Rare Earth, which holds 51% and consolidates it, and Fujian Golden Dragon Rare-Earth, which holds 49%. China Northern announced the venture in December 2024 in announcement 2024-065: registered capital of RMB 300 million and a 5,000-metric-ton rare earth oxide separation line in the Kundulun Economic and Technological Development Zone, Baotou, Inner Mongolia, with total investment of about RMB 457 million. China Northern set up the company in July 2025. The announcement expected construction to finish by the end of 2026, and China Northern’s 2025 annual report sets a goal of trial production on the line during 2026.