Strategic cooperation framework Agreement between the three rings and minmetals nonferrous metals

NetEase Finance July 27 News of the three ring in Monday evening issued a notice that the company has signed the "Strategic cooperation Framework Agreement" with Minmetals Nonferrous.　　Under the agreement, in the most preferential market price conditions, Minmetals nonferrous priority to provide praseodymium-neodymium, dysprosium iron and other rare earth metals, and to ensure the stable supply of raw materials, the central branch of the three-ring priority to the Minmetals nonferrous metals, such as the production of rare earth magnetic materials required for rare-earth materials.　　In addition, according to the needs of the strategic layout, the two sides agreed to the appropriate time in the Sino-heavy Rare earth resources to jointly produce rare earth materials, cooperation, including but not limited to the joint venture to set up the project company, joint venture investment in new Rare-earth magnetic materials production line and the three ring to Minmetals nonferrous metals The third ring of the division said that permanent magnet materials in the company has strong research and development strength and solid industrial Foundation, through the use of non-ferrous metals in rare earth production and rare earth operation advantages, through the strategic cooperation between the two sides, will be able to achieve the industrial chain upstream and downstream close integration, to achieve mutual win the good cooperation situation.