简介：AjointventurenamedRareEarthMagnetCom-pany(REMCO)wassetupbyBaotouSteelandRareEarthCompanyofChinaandBankhouseGroupofUSA.Theceremanyofsigningtheagreementbe-tweenthetwosideswasheldinHuhehot,capitalcityofInnerMongoliaJuly27,1992.Chinaholdsap-proximately80%oftheworldtotalrareearthre-sources,andrareearthsarenowanimportantcompo-nentinmakingadvancedmagnets.ItistheintentionofthetwosidestoformanequalpartnershipinwhichChinawouldsharewiththeUnitedStatesthehighest
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