Recently Raw Material Situation of Rare Earth Magnets

Rare earth permanent magnet materials have outstanding properties and broad application prospects.

Benefiting from the rapid development of new energy vehicles and electronic industry, rare earth permanent magnet materials (NdFeB) account for 35% of the global rare earth consumption, corresponding to 91% of the consumption value. It is the application field with the highest proportion of rare earth consumption and consumption value. The main purpose of rare earth permanent magnet is motor. Compared with traditional asynchronous motor, the permanent magnet synchronous motor with rare earth permanent magnet material has the advantages of high efficiency, high power factor, high power density, low temperature rise and high reliability, and has better energy-saving effect. Compared with low-end magnetic materials, high-performance NdFeB magnets has better performance, higher technology and capital access threshold, and has broad application prospects in the future.