China Northern Rare Earth Group High-Tech (SHA:600111) is investing 73.4 million yuan in a new hydrometallurgical and inorganic functional materials pilot base.
The project, with the construction site located in the company's smelting branch factory area, aims to enhance research and development innovation and technology conversion, according to a Friday filing with the Shanghai bourse.
The facility will span 10,000 square meters and is set for completion in May 2026.
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