Magnetic materials are divided into two categories: isotropic magnets and anisotropic magnets: Isotropic magnets have the same magnetic properties in any direction and can be magnetized arbitrarily; Anisotropic magnets have different magnetic properties in different directions, and the direction in which the best magnetic properties can be obtained is called the orientation direction of the magnet.

In the first half of 2023, the price trend of the domestic light rare earth market fell sharply. The price of neodymium oxide market at the beginning of the year was 770,000 yuan/ton, and the market price in the middle of the year was 477,500 yuan/ton, with a half-year price drop of 37.99%...

Weekly price trend of neodymium magnet raw material 5-9 June

Weekly price trend of neodymium magnet raw material May 29-June 2

Last week, the price of light rare earth parts in China has declined and the sales on the floor and downstream purchase are not so bad. It is expected that the price trend will decline in the later stage.

Rare earth permanent magnet materials are used in various micro motors in computer, automobile, instruments, meters, household appliances and other industries, as well as nuclear magnetic resonance equipment, electrical parts, magnetic separation equipment, magnetic machinery, magnetic therapy equipment and other components that need to generate strong gap magnetic field.