Neodymium Permanent Magnets Become Key Material of New Energy Cars 20150306
NdFeB Magnets Manufacturer China Rare Earth Magnet Limited
From the New Year, rare earth permanent magnet sector stock has been rising all the way, among which China Minmetals hits limit up. Also, stock of Shenghe Resources, Guangsheng Non-ferrous and China Northern Rare Earth all go up over 5%, which are rated overweight by research institution. The most crucial driver of stock neodymium rare earth magnet is new energy cars.
As is know to all, the government supports development of new energy cars with policies. In the future, new energy cars and hybrid electric vehicles will take place of conventional vehicles. Rare earth is the key material for manufacturing new energy cars and battery of hybrid electric vehicles. Permanent magnet motors of new energy cars are made of rare earth permanent magnets. Rare earth which is called “industrial monosodium glutamate” plays a critical role in future development of new energy cars.
Neodymium magnets , with high energy product and coercive force, have the strongest magnetism which is as four times as that of common permanent magnetic materials. They are the best choice for small, light and thin electronic equipment. Motors of Prius HEV produced by Toyota are made of NdFeB magnets.
Besides applications in new energy cars and hybrid electric vehicles, rare earth magnets are applied to wind power equipments, instruments, medical devices and intelligent robots. Currently, the government has wind power projects laid out, which stimulates market demand of permanent magnets. Therefore, permanent magnetic industry has a broad and promising prospect.
Domestic rare earth magnetic materials have developed into the third generation. New materials are represented by sintered neodymium iron boron magnets. In a recent decade, growth of sintered NdFeB magnet in China has exceeded international level. The annual growth has reached 30%, but the global growth is only 20%. Besides predominant growth, sales of rare earth permanent magnetic materials cover 80% of the global market.
Domestic rare earth permanent magnetic businesses have been over 200, among which China Rare Earth Magnet Limited, in the leading position, is the top manufacturer of rare earth permanent magnetic materials. Another 31 listed companies cover 60% of the market share.
Comparing with foreign companies, local companies enjoy cost advantages of rare earth materials. As everybody knows, domestic rare-earth reserves are rice, occupying one third of the world’s rare-reserves. After ministry of commerce canceled export quota of rare earth, cost advantage of China manufacturers will become much more obvious.
From the New Year, rare earth permanent magnet sector stock has been rising all the way, among which China Minmetals hits limit up. Also, stock of Shenghe Resources, Guangsheng Non-ferrous and China Northern Rare Earth all go up over 5%, which are rated overweight by research institution. The most crucial driver of stock neodymium rare earth magnet is new energy cars.
As is know to all, the government supports development of new energy cars with policies. In the future, new energy cars and hybrid electric vehicles will take place of conventional vehicles. Rare earth is the key material for manufacturing new energy cars and battery of hybrid electric vehicles. Permanent magnet motors of new energy cars are made of rare earth permanent magnets. Rare earth which is called “industrial monosodium glutamate” plays a critical role in future development of new energy cars.
Neodymium magnets , with high energy product and coercive force, have the strongest magnetism which is as four times as that of common permanent magnetic materials. They are the best choice for small, light and thin electronic equipment. Motors of Prius HEV produced by Toyota are made of NdFeB magnets.
Besides applications in new energy cars and hybrid electric vehicles, rare earth magnets are applied to wind power equipments, instruments, medical devices and intelligent robots. Currently, the government has wind power projects laid out, which stimulates market demand of permanent magnets. Therefore, permanent magnetic industry has a broad and promising prospect.
Domestic rare earth magnetic materials have developed into the third generation. New materials are represented by sintered neodymium iron boron magnets. In a recent decade, growth of sintered NdFeB magnet in China has exceeded international level. The annual growth has reached 30%, but the global growth is only 20%. Besides predominant growth, sales of rare earth permanent magnetic materials cover 80% of the global market.
Domestic rare earth permanent magnetic businesses have been over 200, among which China Rare Earth Magnet Limited, in the leading position, is the top manufacturer of rare earth permanent magnetic materials. Another 31 listed companies cover 60% of the market share.
Comparing with foreign companies, local companies enjoy cost advantages of rare earth materials. As everybody knows, domestic rare-earth reserves are rice, occupying one third of the world’s rare-reserves. After ministry of commerce canceled export quota of rare earth, cost advantage of China manufacturers will become much more obvious.
