From the 21st century, it is hard for developed countries to continue rare earth permanent magnets production because of high raw material cost and decreased market price, so western developed countries, represented by USA and European countries, adjust their industrial construction.
NdFeB magnets industry in USA has turned the past glory into decline now. Crucible and Ugimag closed, while Magnequench moved to China. VAC in Germany purchased and merged Neorem in Finland in 2007 and now this is the only one sintered neodymium magnet manufacturer in Europe. There are three main neodymium permanent magnet manufacturers, including Neomax, the biggest one in the world, TDK, an old manufacturer of magnetic materials and Shin-Etsu Chemical. Besides in Europe and Japan, the other sintered neodymium rare earth magnet manufacturers are all in China. Neomax, TDK and Neorem have built post-processed bases in China, while VAC and China manufacturer set up joint enterprise of sintered NdFeB magnets.
In the aspect of bonded neodymium magnets, most manufacture capacity concentrated in Southeast Asia. Japan Dado and China manufacturers cover 90% of the market share of spindle motor of hard drive.
Currently, developed countries’ neodymium iron boron industry has all transfer to China. In 2010, the production capacity of sintered NdFeB in Japan is only 19 thousand tons and 1200 tons in Europe. Production yield of sintered NdFeB permanent magnetic material remains low in foreign countries.
Permanent Magnets Manufacturer China Rare Earth Magnet Limited customizes neodymium magnet, sintered & bonded, SmCo magnets, AlNiCo magnets, sintered & cast.
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