China has sufficient rare earth raw materials and a competitive production base. New energy, energy conservation and environmental protection industries are developing rapidly, and there is a large demand in downstream areas. China has become an important production base and consumer market of Nd-Fe-B permanent magnet materials in the world.
The rare earth permanent magnet material industry has a complete industrial chain. Taking NdFeB permanent magnet materials as an example, the upper reaches of the industry are mainly rare earth mining and rare earth smelting industries, the middle reaches are NdFeB magnets manufacturers, and the lower reaches are traditional fields such as consumer electronics and basic industry, as well as emerging application fields such as new energy, energy conservation and environmental protection.
Low end NdFeB technology has low threshold, scattered industrial capacity, serious product homogenization, disordered market, vicious competition and excess supply.
The performance of high-end Nd-Fe-B is more excellent, with high technology and capital access threshold, and broad development space in the future. The downstream is mainly used in various types of motors in the field of high-tech barriers, and has broad application prospects in the fields of new energy vehicles, frequency conversion household appliances, energy-saving elevators and wind power generation.
It is estimated that the output of new energy vehicles in China will bring 60000 tons of consumption of neodymium permanent magnet materials in 2030.
Sintered NdFeB magnet and bonded NdFeB magnet are the two most widely used rare earth permanent magnet. Sintered NdFeB, as a high-performance NdFeB permanent magnet material, has excellent performance and high cost performance. At present, it is widely used in many fields.
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