It is reported that with the completion of Baotou Ruixin Rare Earth Metal Materials Company 2000 tonnes of metal neodymium production line, the annual output of metal neodymium of Baotou Steel has reached 5,000 tonnes accounting for one third share of Chinese output.

Neodymium is the main raw material of new functional material NdFeB. With the development of world's high tech industry, the demand of NdFeB is greatly increasing, the market growth rate reaches about 30%, it stimulated the production of metal neodymium. However, because of the technical reasons, at present, many metal neodymium production enterprises in China are small in scale, high energy consumption, and also brought many environmental problems.

Baotou Ruixin Rare Earth Metal Material Company is a joint stock enterprise of Baotou Steel Rare Earth, with large scale RE molten salt electrolysis key technology and complete sets of equipment, independent intellectual property rights. In 2002, the company relied on this technology, built the Chinese first large metal neodymium production line. The production capacity of the company reached to 3,000 tonnes from the 500 tonnes in the beginning, in the second half year of 2007, its production capacity expanded to 5,000 tonnes. – Steel Guru