Northern Rare Earth China Rare Earth Co-extension Industrial Chain

On December 19, Sinochem News, North Rare Earth announced that based on the company and China Rare Earth’s respective strategic positioning and development concepts, the two parties have reached a "Strategic Cooperation Framework Agreement

Northern Rare Earth stated that the two parties will strengthen exchanges on China's existing rare earth industry and business, and cooperate in the production capacity of southern and northern mines; the two sides will cooperate on rare earth trade and deep processing of rare earths to extend the industry chain of rare earth cooperation; the two sides will maintain close cooperation Communication and consultation, make full use of China's rare earth overseas capital platform, revitalize the assets of both parties, and increase the degree of industrial integration of both parties

In addition, according to the specific conditions of the project and the market, the two parties can adopt a variety of cooperation models and agree to provide each other with the most favorable cooperation conditions to promote the sound operation of the project.