Sintered NdFeB magnets price enough power

2010 global permanent Sintered NdFeB magnets market yield about 1 million tons, of which annual production of about 900,000 tons ferrite, NdFeB annual output of 10 million tons, accounting for only 10% of total output.

In current prices, the global market size NdFeB about $ 8 billion. Sintered NdFeB magnets as light weight, small size, strong magnetism and many other advantages, has begun to gradually replace ferrite magnets, Sintered NdFeB magnets permanent physical alternative if 50% of the ferrite magnet, its value will reach one thousand billion U.S. dollars, the market is vast.

NdFeB application is divided into traditional applications (speakers, magnetic separator, permanent magnet motor, VCM, MRI, etc.) and new applications (wind power, inverter air conditioner, elevator energy, hybrid cars, car EPS steering motor) and so on.

In China, traditional applications accounted for 94% of all applications, market penetration already high demand in a stable growth period, the annual growth rate of 5% -10%, while only 6% of new applications, is to promote the development of the industry Sintered NdFeB magnets the main driving force, especially the new energy automobile industry needs demand will move up sharply.

The supply perspective, in the rare earth policy, driven by the upstream raw material supply constraints inhibiting downstream capacity out. According to China 2011 rare earth oxides and can strictly enforce the mining index calculation, Chinese manufacturers can only supply 55,000 tons Sintered NdFeB magnets, 100,000 tons less than last year's global demand.