Applications of permanent magnets involve all directions of industry and life. NdFeB (neodymium) rare earth permanent magnet is the most powerful magnet, is also the most commonly used magnet. It can be used in electroacoustic, permanent magnet DC motor, magnetic mechanical equipment, electrical products, medical machinery, toys, packaging boxes, bags and leather products, magnetic ornaments and other industries. Permanent ferrite magnets are used as constant magnetic fields in watt-hour meters, generators, phones, speakers, televisions and microwave heating components.
The popularity of new energy vehicles has expanded the demand for rare earth magnets.
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