Demand of Rare Earth Magnetic Materials Has Been Boosted
Neodymium Permanent Magnets Manufacturer China Rare Earth Magnet Limited
New materials are regarded as one of the three pillars of the world’s new technological revolution and have been listed in seven strategic emerging industries. According to the Twelfth Five-year Plan of New Material Industry published by Ministry of Industry and Information, average annual growth rate will exceed 25% during the period of the twelfth five-year plan.
China has rich rare earth resource with good performance which is wide applied to permanent magnets, batteries, metal alloys, catalyst, compound and ceramics. Neodymium magnet materials cover about a half of downstream application. “Rare earth magnetic materials play an important role in rare earth materials. In respect of performance, no better materials can take place of it. It has plenty of room to grow.” A broker paying much attention to metal new materials says.
Many security brokers believe that prospect of China rare earth new materials, especially rare earth permanent magnetic materials represented by neodymium magnets, is still prosperous. They consider that market of neodymium iron boron is hopefully to be opened up with development of air conditioner, new energy cars and wind power.
It is understood that high-performance of neodymium magnetic materials can be classified into two kinds. One is field of new energy and energy conservation, including wind power, energy-saving elevators, environmental-friendly air conditioner, new energy cars and EPS. The other is traditional application field, including VCM and consumer electronics, like mobile phones and CD-ROM drivers.
In recent days, one of China leading neodymium magnet industry, declares that it has signed up Basic Agreement with Hitachi. Both sides plan to set up a joint venture specializing in manufacturing high-performance sintered neodymium magnets. Neodymium permanent magnets are widely used in fields of automobiles, IT, household appliance, industry, medical treatment, environmental protection and energy.
China should strengthen balance of profit chain, promote application of rare earth permanent magnet in high-tech field and guarantee win-win situation of the whole industrial chain.
New materials are regarded as one of the three pillars of the world’s new technological revolution and have been listed in seven strategic emerging industries. According to the Twelfth Five-year Plan of New Material Industry published by Ministry of Industry and Information, average annual growth rate will exceed 25% during the period of the twelfth five-year plan.
China has rich rare earth resource with good performance which is wide applied to permanent magnets, batteries, metal alloys, catalyst, compound and ceramics. Neodymium magnet materials cover about a half of downstream application. “Rare earth magnetic materials play an important role in rare earth materials. In respect of performance, no better materials can take place of it. It has plenty of room to grow.” A broker paying much attention to metal new materials says.
Many security brokers believe that prospect of China rare earth new materials, especially rare earth permanent magnetic materials represented by neodymium magnets, is still prosperous. They consider that market of neodymium iron boron is hopefully to be opened up with development of air conditioner, new energy cars and wind power.
It is understood that high-performance of neodymium magnetic materials can be classified into two kinds. One is field of new energy and energy conservation, including wind power, energy-saving elevators, environmental-friendly air conditioner, new energy cars and EPS. The other is traditional application field, including VCM and consumer electronics, like mobile phones and CD-ROM drivers.
In recent days, one of China leading neodymium magnet industry, declares that it has signed up Basic Agreement with Hitachi. Both sides plan to set up a joint venture specializing in manufacturing high-performance sintered neodymium magnets. Neodymium permanent magnets are widely used in fields of automobiles, IT, household appliance, industry, medical treatment, environmental protection and energy.
China should strengthen balance of profit chain, promote application of rare earth permanent magnet in high-tech field and guarantee win-win situation of the whole industrial chain.
