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).
Rare earths prices are currently at the highest levels recorded in recent years. The current trends, continuously rising, are also determined by the high rare earths demand, especially in automotive and wind power fields, applications in which Neodymium magnets is important.
For this reason, Neodymium prices (composed of the rare earths PrNd + DyFe) are rising rapidly and targeted strategies are needed, also for not run into economic and technical speculations.
Garnet has always been by your side to allow you to buy at the most correct market conditions, continuing its partnership with one of the largest Neodymium producers in order to guarantee controlled prices.
It is also important for us to maintain our high level quality, guaranteed by the production processes controls through our Chinese headquarters.
We suggest to plan magnets supply until the end of 2022 to freeze prices and avoid continuous and sudden increases.
Our Sales Department remains at your complete disposal to update magnets quotes and plan next 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.
Dysprosium – Iron Alloy:
Praseodynium – Neodymium Alloy: