The NdFeB industry in the world is being transferred to China

　　Neodymium iron boron as rare earth permanent magnets' materials of the third generation, has a very high ratio of performance to price, which is widely used in energy, transportation, machinery, medical, IT, home appliances and other industries,

　　Especially with the development of knowledge economy and information technology as the representative of the rare earth permanent magnets, NdFeB magnets industry constantly bring the new use of functional materials, this will bring more broad market prospects for the neodymium iron boron industry .

　　At present, China has become the world's manufacturing center of neodymium iron boron permanent magnets . Our country has formed its own NdFeB industry system, relying on the resources and cost advantages, the industry's development is rapid. In 2003, the production has accounted for more than 50% of world output, NdFeB magnets industry in the world is shifting to china.

　　In addition, the global manufacturing industry is being transferred to China, including application of neodymium iron boron downstream manufacturing, such as household appliances, audio, motor etc..

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