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Shanghai Dingli Technology Development And Construction Projects To $452000 Neodymium Iron

Shanghai, December 10th (SMM) - Shanghai Dingli technology development group has decided to invest 277800000 yuan ($45200000) to build a 2000 tons neodymium iron boron Chinese project in Guangxi, the company said yesterday in a statement submitted to the Shanghai Stock Exchange said in a.

The project will be built in 1.5 years, according to the Shanghai Dingli and is expected to create 460 million yuan of sales revenue and 27.66 million yuan of net profit per year.Source:metal.com

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