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).
Market demand for the main Rare Earths still remains high in July and August 2021.
This strong demand is from automotive sector, which sees continuous electric traction (EV) increase and development.
Regarding permanent magnets production, the high (but not infinite) Chinese factories production capacity helps to keep high the raw materials demand and value.
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.
Considering the current market situation on a global scale, which sees a strong increase in production in all sectors, our services become indispensable for emergencies management and / or sudden production peaks
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: