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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.
Today we will talk about two common rare earth magnets in magnetic materials - NdFeB magnets and SmCo magnets. They have a wide range of applications in modern industries, but how are they different? Let's find out!