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 factories in China will be closed from October 1st to October 7th for National Day. Due to this closure, delivery times could be extended and there may be delays.
To allow our customers to continue to have a solid and constant supply chain, keeping under control availability and costs, we recommend long-term planning of purchases.
This is possible by managing long-term open orders and organizing the magnets storage in our warehouse.
This allows the collection in various delivery batches, customized according to the production needs of each individual customer.
Below it’s showed the main raw materials update prices used for rare earth magnets production. The permanent magnets cost as a finished product is inevitably influenced by the trend in the raw materials price, indicated in RMB / Ton in the following graphs.
Dysprosium – Iron Alloy:
Praseodynium – Neodymium Alloy: