1.China is rich in rare earth resources.
China rare earth reserves account for 80% of the world total reserves. Comrade deng xiaoping said that :the Middle East has oil, China has rare earth.and the rich rare earth resources have created a lower cost of raw materials.
2.State policy support.
The Chinese government has made the development of new rare earth materials a priority.
3.The level of manufacturing technology and professional equipment continues to improve, and gradually shorten the distance between the manufacturing power
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