Baotou INST Magnetic plans rare earth magnet plant in Vietnam

China's Baotou INST Magnetic plans to open a factory in Vietnam for rare earth magnet production, as part of a trend of companies shifting assembly lines to Vietnam.

“Korean and Chinese companies that make magnets from rare earths are preparing to open factories in Vietnam.”asiafinancial.com

• 1 source
• asiafinancial.comRare Earth Magnet Firms Plan Vietnam Plants as China HedgeJim PollardAug 22, 2023

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