China Nonferrous Metals Group General Manager Luo Tao in May 5th in an interview with reporters, China Nonferrous Metals Group has recently opened up in south rare earth (Xinfeng) Limited, is expected to start in 2014, capacity of 7000 tons / year.

　　It is understood, in south rare earth (Xinfeng) Limited company in Shaoguan in Fengxian County. Construction period of about 3 years, plans to invest 4 much. After the completion of annual consumption of yttrium rich europium ion rare earth concentrate 20000 tons, equivalent to the TREO of 7000 tons, mainly from Jiangxi, Guangdong Province two. The project total investment 472500000 yuan, of which environmental protection investment 21829500 yuan, accounting for 4.62% of total investment in the project.