Brief Introduction of Baogang
Baogang is an important iron and steel industrial base and the largest rare earth industrial base in China and the biggest industrial enterprise in Inner Mongolia. The headquarter locates in Hexi Industrial Zone, Baotou, Inner Mongolia. It was established in 1954 and reorganized in 1998 with two listed companies, Baogang Share and Baogang Rare Earth. The total asset of the Group is 57.2 billion Yuan by the end of 2007.
Unique resource. Baiyunebo Mine is a world famous mineral intergrowth with iron and rare earth. The iron reserve takes the first place in Northwest area of China and the Rare earth reserve takes the first place in the world, niobium and thorium the second place in the world. Baotou is extolled as the Capital of World Rare Earth because of Baiyunebo Mine.
Ten million tons Iron and steel capability. Baogang owns the world-class production lines that can produce cold and hot rolling strip, heavy plate, seamless pipe, heavy rail, large scale shaped beam, bar and wire rod. Baogang is one of the three rail producing bases in China, one of the seamless pipe producing bases with the completive varieties and specifications in China and the biggest CSP production base in Northwest of China.
Decisive role of rare earth industry in home and abroad. The output of rare earth oxide takes 40% of the domestic market, the production ability of Nd-Fe-B, negative powder and polishing powder takes 20% of the domestic market, the Metal Praseodymium and Neodymium takes 30% of the domestic market. Baogang has the national authoritative rare earth research Institute: Baogang Rare Earth Research Institute and Ruike National Engineering Center of Rare Earth Metallurgy and Function Materials. It has provided the α magnetic spectrograph for American Space Shuttle Discovery as well as the important magnetic material for China Shenzhou space aircraft and Chang