Rare earth permanent magnetic materials will achieve the stable and rapid development in the next 5 years.

　　According to introduction, in " Twelfth Five-Year Plan" development thought of the country's new materials industry put forward clearly that in the next 5 years, it will "vigorously develop the rare earth permanent magnet, catalysis, hydrogen storage and other high performance rare earth functional materials and rare earth resources comprehensive utilization technology, high efficiency " during science and Technology Department will also allocate a total of 350,000,000 yuan funds for mainly supporting rare earth magnets material's application development in these 4 areas.

　　In four rare earth functional materials, rare earth permanent magnetic material industry 's growth will come out in front.

　　During the 12th Five-Year Plan " period, rare earth market prices are expected to continue to run high, it is difficult to return to the low times, which further stimulated international rare earth mine prospecting and mining of rare earth, the price will tend to be reasonable. At the same time, along with the neodymium magnets price's promotion cost transferring to downstream, cost pressures of rare earth permanent magnets materials production enterprises will be eventually dissolved, thereby realizing the industry economy grows steadily.