Before the invention of rare earth permanent magnet materials in the 1970s, AlNiCo alloys had always been the permanent magnet materials with the strongest magnetic properties. However, because the composition contained strategic metals cobalt and nickel, the cost was high. With the ferrite permanent magnets and With the advent of rare earth permanent magnets, AlNiCo materials have been gradually replaced in many applications. However, in some high-temperature applications and situations with high magnetic stability requirements, AlNiCo magnets still occupy an unshakable position.

November 3, 2023 Neodymium magnet raw material price

On October 13, the General Administration of Customs announced import and export data for September.

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.

Weekly price trend of neodymium magnet raw material 7-11 Aug.