In recent years (2004-2008), China's rare earth permanent magnet materials are still in a steady and continuous development trend, the current permanent magnet production, application and sales still living in the highest in the world. In the production of rare earth metals, raw materials, production technology, application areas and market trade, and achieved greater achievements and development. At present, China has become the world's rare earth permanent magnet materials production, application and market development center, its forward development will be faster and better, the future is still promising!
According to statistics, the total production volume (including sintered NdFeB, bonded NdFeB and SmCo, etc.) of China's rare earth permanent magnetic materials in the last five years (2004-2008) is 203490t, accounting for 93.86% of sintered NdFeB and 5.06% of bonded NdFeB, , SmCo 1.08%) than the previous five years (1990-2003) the total production 46,627t (sintered NdFeB accounted for 90.89%, bonded NdFeB accounted for 7.36%, SmCo accounted for 1.75%), an increase of 36.42%. This fully shows that China's rare earth permanent magnet materials with the rapid development of social economy and the rapid development! This situation will be maintained in the future!
Article from NdFeB Industry Network