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To: jacq who wrote (7325)9/23/2003 2:47:40 PM
From: jacq  Respond to of 8393
 
cre.net. I wasn't aware that this project was Ni-H magnet project. Is this an error?

¡¡¡¡Mongolia currently accounts for over 80% of the world the rare earth resources. New projects which have come on stream in Baotou National Rare-earth Hi-tech industrial Development Zone during 2003 includes a rare earth power Ni-H magnet project funded by ECD/OBC of the US with Baotou Steel Rare-earth Gaoli Co Ltd at a cost of $100 million, a 1000 tonnes/year high grade Nd-Fe-B permanent magnet project funded by Zhejiang Ningbo Yunsheng Group at a cost of RMB Yuan 120M; and a rare earth hydrogen storage alloy powder project funded by Santoku of Japan.