China's "rare earth capital" pushes new policy to promote high-quality development of new rare earth materials

Baotou City, Inner Mongolia Autonomous Region, known as China’s "Rare Earth Capital", is launching a new policy to promote the high-quality development of new rare earth materials and application industries
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On June 30, the reporter learned from the Baotou Municipal Government that the government has officially issued the "Support Policy for Promoting the Development of Rare Earth New Materials and Application Industries in Baotou City" and "The Implementation Rules of Baotou City's Supporting Policies for Promoting the Development of Rare Earth New Materials and Application Industries".

"China has rare earths, and rare earths are in Baotou
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According to the two documents, the official investment in fixed assets of 1 billion yuan (RMB) and foreign capital of 150 million US dollars or more, or annual tax revenue of 50 million yuan (RMB) or more, the world’s top 500, domestic top 100, industry-leading enterprises, and central enterprises directly For major investment projects, "one enterprise, one policy" and "one matter, one discussion" approach will be adopted to provide more preferential policy support
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The reporter noted that the government will also give priority to guaranteeing the land for rare earth new materials application industry projects, and to achieve all the guarantees that should be guaranteed
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It is worth mentioning that, in order to better promote the high-quality development of new rare earth materials, the official also stated: All new rare earth materials and application enterprises that are registered, produced, actually sold in Baotou City and pay taxes according to law will be used for the working capital required for local projects.

In addition to the above-mentioned favorable policies, the government has also formulated a series of policies on raw material supply incentives, electricity price incentives, and fiscal and tax incentives
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