Baotou Rare Earth High-Tech Zone: More Copper Production

Highlights

• Baotou Rare Earth High-Tech Zone in China reports a 24.8% increase in copper production, reaching 13 billion yuan in 2024.
• The zone hosts over 3,100 enterprises.
• Includes 22 listed companies.
• Hosts 8 Global 500 investment enterprises.
• Leading national high-tech zone in Inner Mongolia specializing in:
  • Rare earth materials
  • Copper processing
  • Advanced manufacturing

This industrial zone, known as the Baotou Rare Earth High-Tech Zone, reports higher copper production, valued at 13 billion yuan ($1.79 billion USD) in the first ten months of 2024. This amount represents a 24.8% boost from the last year-over-year period.

From January 2024 to October 2024, the national high-tech zone was associated with 30,000 tonnes of copper cathode. Representing a 10.8 year-over-year increase, plus 50,000 tonnes of copper wire and rod, representing an 11% increase, reports Asian Meta (opens in a new tab).

What is the Baotou Rare Earth High-Tech Zone?

The Baotou Rare Earth High-Tech Industrial Development Zone is a national high-tech zone in China's Inner Mongolia autonomous region that focuses on the rare earth industry. It's the only such zone in the region and is considered to be a leader in the country in terms of technology level. 

The zone's leading industries include rare earth new material and application, deep processing of aluminum and copper, High-end equipment manufacturing, and Modern service industry.   The zone is home to over 3,100 enterprises, including 22 listed enterprises, 8 Global 500 investment enterprises, and 39 foreign-funded enterprises. China Northern Rare Earth (Group) High-tech Co., Ltd. (CNREG) is based in the zone and produces rare earth concentrate and other rare earth products. 

Rare earths are used in high-performance permanent magnet motors, which convert battery-stored electricity into motion.  Rare Earth Exchanges considers this area among the largest rare earth complexes in the world.