Rare earths are a group of 17 chemical elements of the periodic table considered strategic material for the production of permanent magnets used in many industrial sectors.
In particular, sintered neodymium magnets (NdFeB) are the most popular on the market.
The alternative magnetic materials available can be samarium-cobalt, compressed plasto-neodymium and injected plasto-neodymium (bonded and injection molding), also available on ferrite base, and magnetic materials in aluminum-nickel-cobalt (AlNiCo).
After a long period of increase, rare earths prices are momentarily falling.
We recommend to our customers to take advantage of this downward trend and to plan their orders as soon as possible, since we cannot guarantee these price levels in the coming months
We also report this situation in China: due to the numerous lockdowns due to Covid-19 cases, many factories are operating with reduced personnel, with effects on production and deliveries.
Therefore we recommend scheduling orders in advance, so as not to incur delivery delays due to this particulary situation.
Our Sales Department remains at your complete disposal to help you plan your next magnet purchases.
Below is showed the main raw materials update prices used for the production of rare earth magnets. The cost of permanent magnets as a finished product is inevitably influenced by the trend in the price of raw materials, indicated in RMB / Ton in the following graphs.
Praseodynium – Neodymium Alloy:
Dysprosium – Iron Alloy: