Recently, GanzhouXinlei Group Company was formally founded in Dingnan County Futian Industrial Park, Jiangxi Province. After the founding of this group, it will integrate all subsidiary companies’ resources, by depending on“Jiangxi Province Rare Earth Permanent Magnetic Materials and Application Industry Base”,jointly push forward in-depth development and structure transition and upgrading of the rare earth industry.

It has been learned that, GanzhouXinlei Group Company includes 7 subsidiaries of Xinlei Rare Earth New Material Co., Ltd, GanzhouQifei Rare Earth New Material Co., Ltd, Sanyou Rare Earth New Earth Co., Ltd, Jinhui Microcredit Company, Longji Guarantee Company,Gaoshida Investment and Hongfan Industry.After the Group is founded, it will progressively construct 2000 tonnes rare earth metal production and 1000 tonnes Neodymium/Iron/Boron follow-up processing and supporting production line (mainly for producing high performance electric car magnetic steel) technology upgrading project.