Baotou Municipal Government Seeks Rare Earth Industry Partnerships to Expand Magnet and Advanced Materials Manufacturing

Highlights

• Baotou reported 44.6% year-over-year growth in rare earth industry value added in the first nine months of 2026
• Baotou's development plan prioritizes permanent-magnet motors for EVs, wind turbines, robotics, and industrial equipment
• The city targets RMB 120 billion in investment inflows from outside Inner Mongolia across industries through 2030
• No binding agreements or new investments were disclosed from the Xu Xing and Lin Anli meeting
• Western suppliers must build qualified manufacturing capacity and customer relationships, not just secure raw materials