Grirem Advanced Materials Co.,Ltd.(hereinafter referred to as “Grirem”) was founded after an entire restructuring to National Engineering Research Center for Rare Earth Materials(hereinafter referred to as “CREM”) as a joint-stock company in 2001, with Grinm group Co., Ltd. ( previous General Research Institute for Non-ferrous Metals, hereinafter referred to as “GRINM”) as the main sponsor. Grirem’s predecessor was established in 1958, which was one of the earliest organizations engaged in R&D of rare earths in China, as well as one of the birthplaces of rare earth industrial technology in China.