Ministry of Industry and Information Technology issued the Catalogue of the Demonstration and Guidance of the First Application of Key New Materials (2019 Edition), suggests that high performance rare earth permanent magnet materials are key strategic materials. According to the product identification requirements of the first batch of new materials in Inner Mongolia Autonomous Region in 2020, High-oriented Heavy Rare Earth Saving NdFeB Permanent Magnet Material won the first batch of identification of new materials in Inner Mongolia Autonomous Region in 2020 after the preliminary review of Baotou Industry and Information Technology Bureau, expert review of Department of Industry and Information Technology of Inner Mongolia and media publicity.

New material identification is a great recognition of new products and new technology application of the company, and also an encouragement and support for future technological innovation. THmag will actively implement the innovation strategic plan of the “14th Five-Year Plan”, continue to carry out the research and development and application of new material products, vigorously develop the application market of the first batch of new material products, and promote the structural adjustment, transformation and upgrading of rare earth industry in the autonomous region.