Decisive role of rare earth industry in home and abroad. The output of rare earth oxide takes 40% of the domestic market, the production ability of Nd-Fe-B, negative powder and polishing powder takes 20% of the domestic market, the Metal Praseodymium and Neodymium takes 30% of the domestic market. Baogang has the national authoritative rare earth research Institute: Baogang Rare Earth Research Institute and Ruike National Engineering Center of Rare Earth Metallurgy and Function Materials. It has provided the α magnetic spectrograph for American Space Shuttle Discovery as well as the important magnetic material for China Shenzhou space aircraft and Chang’e I carrier racket. Improvement through science and self innovation. Two technical achievements in CSP and high speed rail have won the 2nd award of National Award for Science and Technology. CSP Plant is the first training base in Asia and second in the world for SMS Germany as well as the grinding machine training base in China for Pomini Italy. Baogang has provided the technical supervision and support in CSP and seamless pipe production to foreign companies.

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