Baotou National Rare Earth High-tech Zone issued policies to support the development of rare earth industries
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Baotou National Rare Earth High-tech Zone is the only national high-tech industrial development zone under the name of rare earth in China. In recent years, with the increase of development efforts, the rare earth and non-ferrous metals industries in Baotou National Rare Earth High-tech Zone have developed rapidly and have become one of the most important production bases for rare earth and metallurgical products in China.
It is understood that on the basis of related preferential policies for electricity and land, Baotou National Rare Earth High-tech Zone has provided stable raw material supply for rare earth, aluminum, and copper deep processing projects from raw material supply in recent years, among which rare earth raw materials are lower than the current month's market. The preferential rate of 5% to 10% is limited to meet the needs of the enterprises in the supply zone.
At the same time, for newly-entered rare earth and aluminum-copper deep-processing enterprises, full refunds of administrative fees will be provided, and projects with high technological content and important impetus will also enjoy the services of green channels.
Baotou National Rare Earth High-tech Zone will also increase financial input to support enterprise development. Among them, the newly-introduced projects for deep processing of rare earths, aluminum, and copper will be actively assisting enterprises to identify high-tech enterprises as soon as possible or apply for inclusion in the scope of support for large-scale development of the western region, enjoy preferential income tax policies, and will enjoy the related financial benefits of the High-tech Zone. Support policies, personal income tax preferential policies, limited-reporting countries, Inner Mongolia Autonomous Region and other higher-level sectors such as industrial transfer support, SME subsidies, and other financial support.