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).
We report a significant increase in sea freight costs from China. The further increases in the last two weeks are added to the rising costs of sea freight, already fivefold in the post-pandemic period due to the lack of contanier and a parallel growth in demand.
Transport costs have always been an important incidence parameter on magnets prices, and today more than ever it becomes essential to optimize logistics.
How can this optimization be applied? Giving us the opportunity to analyze your needs by elaborating together a long-term projection of needs.
Thanks to our connections with China, we are able to organize imports by sea that allow us to have an adequate economic impact on the prices of magnets.
Our warehouse is also a key point for obtaining a high level logistical efficiency. Thanks to our willingness to organize magnets storage together with you – also managing “open orders” – we guarantee the continuous and regular materials presence, which also translates into a more “lean” management of your production lines and therefore in less impact on your warehouses.
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: