World Industrial Transfer of Neodymium Magnets 20141107
China with Obvious Advantage
Sintered neodymium iron boron magnet (NdFeB) is currently the strongest permanent magnetic material, of which max energy product exceeds 50MGOe. Comparing with other high-performance magnetic material, it is easy to be processed with high energy product and rich raw material, which is based on Nd2Fe14B, a kind of intermentallic compound. Due to high energy product, coercivity and high energy density, NdFeB permanent magnets are widely applied to modern industry and electronic technology, making instruments, motors, separators smaller, lighter and thinner.
With the progress of electronic information, automobile and mechanical manufacturing industry, rare earth functional materials have fast development. As the rare earth functional materials which develop fastest, NdFeB magnets have been an impetus of the whole rare earth market. As production technology continuously makes progress and product performance constantly improves, Neodymium magnets expand its application to many high-end technological fields. Relying on the advantages of rare earth resource and product costs, China strives to develop NdFeB magnetic industry and becomes the biggest manufacturing and consuming country.
It shows in 2014-2018 Deep Research and Forecast NdFeB Industry Prospect in China by S&P Consulting that as a sunrise industry for energy conservation and environmental protection, neodymium iron boron is widely applied to information technology, automobile, nuclear magnetic resonance, wind power and motors and it is expected that in 3-5 years, the compound growth rate will reach 20%. With obvious advantages of resources, cost and market, the world NdFeB industry is transferring to China in which output of NdFeB has now covered about 70% of the global production output.
It brings Chinese enterprises investment opportunities. In the transferring process of NdFeB to China, those expert neodymium magnet suppliers with production scale and technological strength and excellent application businesses of downstream will be the biggest beneficiaries, such as China Rare Earth Magnet Limited. Because of the superior advantages of resources, cost and market, the world NdFeB industry is transferring to China.
Sintered neodymium iron boron magnet (NdFeB) is currently the strongest permanent magnetic material, of which max energy product exceeds 50MGOe. Comparing with other high-performance magnetic material, it is easy to be processed with high energy product and rich raw material, which is based on Nd2Fe14B, a kind of intermentallic compound. Due to high energy product, coercivity and high energy density, NdFeB permanent magnets are widely applied to modern industry and electronic technology, making instruments, motors, separators smaller, lighter and thinner.
With the progress of electronic information, automobile and mechanical manufacturing industry, rare earth functional materials have fast development. As the rare earth functional materials which develop fastest, NdFeB magnets have been an impetus of the whole rare earth market. As production technology continuously makes progress and product performance constantly improves, Neodymium magnets expand its application to many high-end technological fields. Relying on the advantages of rare earth resource and product costs, China strives to develop NdFeB magnetic industry and becomes the biggest manufacturing and consuming country.
It shows in 2014-2018 Deep Research and Forecast NdFeB Industry Prospect in China by S&P Consulting that as a sunrise industry for energy conservation and environmental protection, neodymium iron boron is widely applied to information technology, automobile, nuclear magnetic resonance, wind power and motors and it is expected that in 3-5 years, the compound growth rate will reach 20%. With obvious advantages of resources, cost and market, the world NdFeB industry is transferring to China in which output of NdFeB has now covered about 70% of the global production output.
It brings Chinese enterprises investment opportunities. In the transferring process of NdFeB to China, those expert neodymium magnet suppliers with production scale and technological strength and excellent application businesses of downstream will be the biggest beneficiaries, such as China Rare Earth Magnet Limited. Because of the superior advantages of resources, cost and market, the world NdFeB industry is transferring to China.
