Ming Yang says the agreement with Ganzhou, the second-largest city in China's Jiangxi province, makes it the first Chinese wind group to gain such access to the key raw materials used in permanent-magnet generators (PMGs) for turbines.

Ganzhou has granted Ming Yang the right to be its leading partner in Ganzhou Rare Earth Mineral Industry Group, a state-owned company formed by the municipal government that enjoys rare-earth resources development rights in eight counties.

Ming