The neodymium market growth is being propelled by the rising demand for NdFeB magnets from end-use industries such as electronics and automotive. These magnets are further preferred in a range of applications such as wind turbines, advanced audio-visual equipment, and electric vehicles.

NdFeB magnet is a permanent magnet material with high magnetic energy product, high coercivity and high magnetization intensity. It is composed of elements such as neodymium (Nd), iron (Fe) and boron (B). It has attracted much attention due to its excellent magnetic properties and has broad application prospects.

September 18, 2023 Neodymium magnet raw material price

Magnetic materials are magnetically ordered materials that have ferromagnetic or ferrimagnetic properties and have practical application value. A fundamental difference between them and other materials is that they are sensitive to external magnetic fields. Broadly defined magnetic materials also include antiferromagnetic materials and other weakly magnetic materials that have practical or possible application value.

The price of neodymium magnets varies depending on their size, shape, and strength. On average, a neodymium magnet can cost anywhere from $0.10 to $10 or more.

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.

Recently, the supply of rare earth production enterprises has increased, and the downstream demand has not actually improved. Driven by emerging and traditional needs such as energy-saving motors, industrial robots, wind power, inverter air conditioners, and consumer electronics, the global market for rare earth permanent magnets is expected to continue to grow.

NdFeB is a common permanent magnet material, which is popular for its strong magnetism, high performance and wide application. However, in the process of use, some matters need to be paid attention to in order to give full play to its functions and ensure safety. This article will introduce some precautions during the use of neodymium magnets.

Many friends may have such a question, do magnets with the same performance and volume have the same suction force? It is said on the Internet that the suction force of an NdFeB magnet is 640 times its own weight. Is this credible?

Weekly price trend of neodymium magnet raw material 10-14 July

Weekly price trend of neodymium magnet raw material 3-7 July

NdFeB magnet is a high-performance permanent magnet material, which is widely used in various fields, such as new energy vehicles, green energy, microelectronic equipment, etc. In recent years, with the development of the global economy and the advancement of technology, the demand for NdFeB magnets has continued to grow, and the price has also fluctuated. This article will analyze the price trend in recent years to provide reference for industry professionals.