On December 1, 2016, a delegation of 8 leaders and experts from Beijing Nonferrous Metals Research Institute and Youyan Rare Earth New Materials Co., Ltd. visited Lizhong Group and communicated with group leaders and relevant technical leaders on the application and cooperation intention of rare earth new materials in casting aluminum alloy and casting products. Huang Xiaowei, chief expert of Beijing Nonferrous Metals Research Institute, director of the National Engineering Research Center for Rare Earth Materials, and deputy general manager of Youyan Rare Earth New Materials Co., Ltd Relevant technical leaders of the Wheel Group participated in the exchange. During the exchange, we visited Baoding Lizhong Wheel, four-way new material technology center and alloy group technology research center.

According to the communication between the two sides, after the meeting, Beijing Institute of Nonferrous Metals and Youyan Rare Earth will issue a text of cooperation intention to further communicate with Lizhong Group, and the Group will also send personnel to the Institute of Nonferrous Metals and Youyan Rare Earth for field investigation.