Neodymium Permanent Magnet 20160121

Development Circle of China Neodymium Magnet in 2014-2015 

Economy Circle of Neodymium Magnet Industry
There is no obvious economical circle in NdFeB magnet industry. In spite of the recession of domestic economic market and a huge industrial overcapacity, neodymium permanent magnet industry is still rising, due to continually growing downstream demand.

Maturity of Neodymium Magnet Industry
Strategic characteristic and market characteristic of neodymium rare earth magnet manufacturers change with the variation of industrial life circle.
1. In the start-up stage, the manufacturers are intent to attract customers’ attention to products.
2. When the industry enters into growing period, potential competitor will be attracted to the market, intensifying the competition.
3. The growth rate will decrease when products meets all the customer’s requirements. At that time, the products enter into mature period.
4. During the mature period, despite the slow growth, new competitor will still come into the market. In order to capture the market share, every company competes more fiercely and the market share becomes fragmented.

Comparing with the growing downstream demand, China NdFeB permanent magnet manufacturers are still in the start-up stage. Gan Yong, President of Chinese Society of Rare Earth, points out that developed countries pay high attention to system construction of high-quality material and produce high-end rare earth magnet materials, which obviously improves the development level of neodymium iron boron industry with high energy product. However, domestic production technology is lagged behind. Currently, magnetic material manufactured by China covers 80% in the world, but the high-quality rare earth permanent magnets only occupies 10% of the whole production yield. Almost all the products are domestic demand and China only covers 20% of the overseas market. The gap between China and developed countries is obvious.

Beware of Children’s Accidental Swallow Magnets

Children's Toys with Permanent Magnets 

Recently, a boy was sent to children’s surgical ward. He face was as white as sheet due to abdominal pain. An inspection showed that there was foreign matter in his bowel of lower right abdomen. His parents and the doctors were stunned at the foreign matter picked up by operation, because it was a pair of permanent magnets, which caused the paroxysmal abdomen pain and perforation.

Reporters learn that these cases are not rare. What impressed the health care workers in this hospital most was that once a child suffered intestinal obstruction and dehiscence of abdominal incision caused by late detection and delay seeking care. He recovered after a long hospitalization.

Director of Children Surgery informed accidental swallow of a small magnet does not do great harm to human body. Often, the magnet can be excreted through the intestinal tract. However, if a child accidentally swallows two different permanent magnets in a short time, the magnets will attract each other through the intestinal tract, which results in blood circulatory disorder or even intestinal necrosis.

Therefore, the Children Surgery reminds parents of being careful if there are some neodymium magnet toys at home.

Meanwhile, parents should pay attention that if the children like to swallow foreign matters in case of some irreversible harm due to accidental swallow of toys.