Starts of Neodymium Magnet Business Keeps Going Up
NdFeB Permanent Magnet Manufacturer China Rare Earth Magnet Limited
As government continuously supports new energy cars and wind power industry, demand of high-performance neodymium magnets is driven by new energy cars, ushering in important opportunities of development. Experts expect that demand of NdFeB permanent magnets will reach 126 thousand tons, rising 15% year on year. Recently, starts of neodymium magnet business keeps going up, among which main enterprises reach more than 80%. In August this year, for China Rare Earth Magnet Limited, demand of neodymium iron born magnets grew better this year and starts reached more than 80%. Capacity utilization of high-performance neodymium magnets, in particular, reaches more than 85%. China Rare Earth Magnet Limited believes that application field of automobile is very promising.
Because starts of many neodymium permanent magnet manufacturers keep going up, demand of heavy rare earth-praseodymium, neodymium and dysprosium gets better and increase continuously. Dysprosium and terbium should be added to high-end neodymium magnet and magnetism of NdFeB will degrade abruptly. Currently, the improvement of coercive force is mainly depends on dysprosium and terbium. The demand of dysprosium oxide of China Rare Earth Magnet Limited has exceeded 100 tons. Meanwhile, dysprosium reserve is only 60 thousand tons, and our country’s annual demand exceeded 1500 tons. Therefore, we can only use dysprosium less than 40 years.
In conclusion, with the increasing starts of neodymium iron boron permanent magnets business, demand of dysprosium and terbium will gradually increase and keep rising. Dysprosium and terbium are really limited. As far, the price of dysprosium oxide is 1.4-1.5million Yuan per ton, only 10% of the price which is 13 million per ton. The price is historically low, so it is worth paying long-term attention to investment of dysprosium oxide.
As government continuously supports new energy cars and wind power industry, demand of high-performance neodymium magnets is driven by new energy cars, ushering in important opportunities of development. Experts expect that demand of NdFeB permanent magnets will reach 126 thousand tons, rising 15% year on year. Recently, starts of neodymium magnet business keeps going up, among which main enterprises reach more than 80%. In August this year, for China Rare Earth Magnet Limited, demand of neodymium iron born magnets grew better this year and starts reached more than 80%. Capacity utilization of high-performance neodymium magnets, in particular, reaches more than 85%. China Rare Earth Magnet Limited believes that application field of automobile is very promising.
Because starts of many neodymium permanent magnet manufacturers keep going up, demand of heavy rare earth-praseodymium, neodymium and dysprosium gets better and increase continuously. Dysprosium and terbium should be added to high-end neodymium magnet and magnetism of NdFeB will degrade abruptly. Currently, the improvement of coercive force is mainly depends on dysprosium and terbium. The demand of dysprosium oxide of China Rare Earth Magnet Limited has exceeded 100 tons. Meanwhile, dysprosium reserve is only 60 thousand tons, and our country’s annual demand exceeded 1500 tons. Therefore, we can only use dysprosium less than 40 years.
In conclusion, with the increasing starts of neodymium iron boron permanent magnets business, demand of dysprosium and terbium will gradually increase and keep rising. Dysprosium and terbium are really limited. As far, the price of dysprosium oxide is 1.4-1.5million Yuan per ton, only 10% of the price which is 13 million per ton. The price is historically low, so it is worth paying long-term attention to investment of dysprosium oxide.
