Neodymium - data, forecasts, historical chart - was last updated on April of 2021. Neodymium is expected to trade at 694008.00 CNY/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Neodymium is the strongest permanent magnet material yet discovered. It is widely used in microphones, professional loudspeakers, headphones, computer hard disks, electric motors and generators. It is a rare-earth mineral mostly extracted in China, the United States, Brazil, India, Sri Lanka, and Australia.

Neodymium Magnet Price Trend

Wanna know neodymium magnet price trend recently? Just check China rare earth metal Pr-Nd price on the internet, it can only be said that it was on a rocket like the Chang’e-5 probe.

On November 24, the price of praseodymium and neodymium metal rose by 37,000 yuan per ton compared to the previous day. On November 25, the price per ton rose by 50,000 yuan to 557,500 yuan/ton. Compared with the price at the beginning of November, the increase was 33.5%. Offspring americana download.

What Is Ppraseodymium Neodymium Metal?

Neodymium praseodymium metal, Pr-Nd for short, is a rare earth metal that is very easily oxidized. It is also an important raw material for neodymium iron boron permanent magnets.

The Proportion of Rare Earth Metals In The Production of Magnets

The cost of rare-earth materials is relatively high on permanent magnet production (some as high as 88.28%, the lowest is more than 50%), so midstream manufacturers of rare-earth permanent magnet are more affected by the fluctuation of upstream rare earth prices. However, large manufacturers in the industry can reduce the impact of rare-earth price fluctuations on their business by purchasing raw materials on a large scale, or by extending the industry chain upstream to ensure the purchase of rare-earth materials at a highly competitive price.

Current Downstream Magnet Demand

Compared with other magnetic materials, NdFeB permanent magnet materials have outstanding advantages in magnetic properties, and have the characteristics of high magnetic energy product, coercivity and energy density.

Therefore, neodymium iron boron magnets with energy saving, high efficiency, small size and light weight can be widely used in emerging technology fields such as wind power generation, new energy vehicles and auto parts, energy-saving inverter air conditioners, energy-saving elevators, robots and intelligent manufacturing, and mobile terminal applications. For example, in 2019, the rapid growth of the TWS wireless headset market has caused the demand for NdFeB magnet to soar.

At the beginning of the year, the epidemic slowed down some of the market demand, but the demand for many medical products doubled several times. As a kind of respirator that can replace, control or change human physiological breathing, the voice coil motor respirator is widely used in respiratory failure caused by various reasons, and occupies a very important position in the field of modern medicine. Magnetic materials as an essential component on voice coil motor, the growth in demand for ventilators has greatly boosted the demand for magnetic materials.

Although the world was still struggling to deal with COVID19 epidemic, market demand continued to recover. Demand from major customers, which had been interrupted at the beginning of the year, resumed in the third quarter.

Current Upstream Rare Earth Inventory

According to statistics from Asian Metal Database, 38 Chinese PrNd mischmetal producers’ annual production capacity was 78020 T. China’s PrNd mischmetal producers’ inventory down by 22.9% MON in Oct.

Combined with the above analysis, the current round of rare earth price increases are mainly caused by the concentrated outbreak of demand and the serious shortage of spot supply.

History of Neodymium Magnet Price Trend

Beginning in 2010, due to national regulatory policies, continuous industry mergers and reorganizations, and the growth of market demand, rare earth raw materials have been in short supply and prices have risen sharply.

Just as aftershocks continued after a major earthquake, since then, rare earth prices have fluctuated frequently, which has become a common concern for the global industry. For example, in 2019, after the U.S.-China trade war and President Xi Jinping’s visited to a rare-earth magnet manufacturer, the price of rare earth magnets once again rose rapidly.

China Magnet Manufacturer

China Magnets Source has the production lines for the whole process of NdFeB production, including blank production, machining, and finished product plating, and has mastered the core technologies of blank production and grain boundary penetration technology. At the same time, we have 10,000 tons of sintered NdFeB blank production capacity, which allows us to provide cost-effective high-performance rare-earth permanent magnets to our customers in a long-term and stable manner.

The price fluctuation of raw materials affects the production cost of magnet manufacturers, makes inventory management more difficult, and affects the unit price of magnets. China Magnets Source attaches great importance to the inventory management of raw materials, and actively takes advantage of its capital to maintain a reasonable and sufficient stock of raw materials. We have many years of business cooperation with major suppliers and have established stable supply channels for rare earth raw materials. If you have any needs for magnets, please feel free to contact us by below table for the latest magnet price.

NdFeB magnets Neodymium-iron-boron (NdFeB), is the strongest and permanent magnet available today. With high remanence, high coercive force, and huge energy. It is easily formed into various shape and sizes, and belong to one of the most widely used magnetic materials. Neodymium magnets like NdFeB magnets are specially created to be suitable for the development of high-performance, compact, and light products. For round shape, the min diameter can be done is 1mm, the max out diameter can be done is 240mm.
We have the advantage of this big size neodymium magnets for sale at great price. Low weight loss product, Low-temperature coefficient product, low deviation angle product, and radial oriented ring magnet are our featured products.
Low weight loss product: under bigger temperature, pressure and high humidity, the weight loss level of uncoated Neodymium magnets reflect the corrosion resistance ability of a bare magnet, it is highly related to the serving life of application products.
Low-temperature coefficient product: we use our own optimized formula and advanced production technics improved and enhanced the Neodymium magnets temperature resistance ability, which gets better thermo stabilization and less demagnetization in the same grade. Low deviation angle product: Generally speaking, sensors have higher standard for magnetic angle deviation.
Our professional team, advanced equipment, and well-trained QC staff, makes NdFeB magnets and neodymium magnets have a very high qualified rate of low deviation angle. It depends on the dimensions and requirements. Low deviation angle product was mostly used in sensor application with big requirement and huge quantity. In order to meet the requirement from clients, we worked together with test equipment company to research and develop full-automatic deviation angle tester, which can be bought and used to inspect magnets in past years, it ensures our shipping product 100% qualified.
Radial oriented ring magnet: Ring magnet magnetized in the radial direction is developed successfully which is using shaping method by new multiple radiation orientation, and meet different requirements of permanent motors.
This type of Neodymium magnets fundamentally changed the past situation where radial ring magnet only relied on the magnetic tile assembly, and hugely improved the performance of the motor. The popular poles including: 2 poles, 4 poles, 8 poles, 10 poles, 12 poles, etc, the number of poles and the skew angle were decided by the magnetizing tooling.
It was widely used in the application of robotics and industry automatic production line, etc.
The advantages of radial ring magnet:

1. They can with fewer parts, simplify the assembly process, easily realize automatic assembly.
2. Out diameter higher precision, better coaxiality and verticality;
3. Flexible to choose different ways of magnetizing include magnetizing poles and angles;
4. Highly reliable, no risk of magnet peel off;
5. A very small air gap, the motor has a smoother operating performance with less noise and vibration.

The Neodymium magnets and especially NdFeB magnets are most often used with generators and motors, such as Linear or Servo motors, Wind power generators, Compressor motors, Automotive drive motors, Instrumentation, Automotive sensors, Medical equipment, Audio equipment, Home theater, Wind turbines or even Magnetic tools, etc.
Ferrite magnets Ferrite Magnets are made of BaO or SrO and Fe2O3 by ceramic processing technology. They are widely used in loudspeakers, motors, electronic car motors, home fitness equipment, and other industry areas.
The products appear in disks, blocks, rings, segments, etc.
Ferrite magnets are the least expensive magnetic material and are very corrosion-resistant, so no coating is required.
Ferrite magnets can be created to be anisotropic or isotropic, and the maximum application temperature is 225 °C. It offers a great balance between strength and affordability, it can be magnetized with multiple poles and it also doesn’t easily demagnetize.
Alnico magnets Alnico Magnets are composed primarily of Cobalt, Aluminum, Nickel, Iron, and Copper. It has very good resistance to corrosion and high max working temperature, can reach 550deg.C.
Even if other materials offer higher energy and coercivity values, the huge remanence and thermal stability of Alnico magnets make it the ideal cost-effective material for certain applications, like microphone lifting, generator, voltmeters, and measuring instruments.
Alnico magnets are widely applied in high stability fields as military, aerospace, automobiles, and security system. The max working temperature can reach 550deg.C.
Alnico magnets have been in production since the 1930s and predated the discovery and manufacturer of almost all earth magnets (including samarium cobalt magnets and neodymium magnets).
Though alnico magnets have largely been replaced by stronger neodymium magnets like NdFeB magnets and Smco magnets they are still widely used in the manufacturing of sensors, guitar pickups, loudspeakers, and many other everyday household objects.
Samarium cobalt magnets:

Neodymium Magnet Malaysia

Samarium cobalt magnets (SmCo) are resistant to max working temperatures above 300° C, so they remain stable at temperatures far above the Curie point of materials like NdFeB magnets; Corrosion-resistant; Proven in applications where big performance and efficiency are required, such as those in the automotive, motorsport, aerospace, and defense industries.
All rare magnets like Neodymium magnets, including Samarium cobalt magnets (SmCo) are very powerful. They have the capacity to function in high temperatures and have very good resistance to corrosion. Like many other rare earth magnets, samarium cobalt magnets are brittle and can be chipped and cracked very easy making them unfitted for applications that need to repeat direct impact to the surface of the magnet.

Neodymium Magnet Price History

This high performance and big-temperature magnet is usually used in the food and industrial manufacturing industries. Samarium cobalt magnets were one of the first types of rare magnets and have now been commercially available for almost 40 years. Since Neodymium magnets have been discovered and made commercially available on sale at great prices like we have on our website samarium cobalt magnet is still the first choice magnet for adverse or high-temperature environments.
Pot magnets: Pot magnets consist of a steel shell with a magnet sunken into one face, which design gives many advantages; pot magnets can be supplied with a countersunk hole, a straight hole, a threaded stud, or a threaded collar or a screw hole. The main Magnetism is confined to one face, where it is concentrated to give the maximum holding force possible for the size of the magnet. Pot magnets are resistant and don’t crack or chip with constant impacting onto a steel surface which is a very big advantage.
The pot magnets can be provided with hooks and eyebolt attachments, which are perfect for hanging a variety of items.

Neodymium Magnet Price Philippines