Price Trend of Neodymium Magnet Raw Material for Reference - China Rare Earth Permanent Magnet Manufacturers
The price of rare earth permanent magnet raw material is one the major factors that determine the price of finished magnets.
The rise or decline of the raw material cost will directly affect the price of the finished products.
Labor management cost, market supply, economic situation are the other factors that can affect the product price somewhat.
Take neodymium magnets for example, the main compositions of neodymium iron boron magnets are Nd(26~33%), Fe(63.2~68.5%), Dy-Tb:(0~1.5%), Al(0.1~1.0%), B(1.0~1.2%) and Nb(0.3~1.4%).
The price of rare earth metal elements is much more expensive than other common metals and changeable from time to time.
Therefore, the price of NdFeB neodymium permanent magnets mainly depends on the price of rare earth element Nd.
Current price of neodymium raw material is relatively low and stable. It's the right timing for ordering neodymium magnets if there is a demand.
The following graph showed a general trend of PrNd from January to August 2016 for reference only.
The rise or decline of the raw material cost will directly affect the price of the finished products.
Labor management cost, market supply, economic situation are the other factors that can affect the product price somewhat.
Take neodymium magnets for example, the main compositions of neodymium iron boron magnets are Nd(26~33%), Fe(63.2~68.5%), Dy-Tb:(0~1.5%), Al(0.1~1.0%), B(1.0~1.2%) and Nb(0.3~1.4%).
The price of rare earth metal elements is much more expensive than other common metals and changeable from time to time.
Therefore, the price of NdFeB neodymium permanent magnets mainly depends on the price of rare earth element Nd.
Current price of neodymium raw material is relatively low and stable. It's the right timing for ordering neodymium magnets if there is a demand.
The following graph showed a general trend of PrNd from January to August 2016 for reference only.
