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ResearchinChina.com Publishes China Rare Earth Permanent Magnet 2010-2011 Industry Report - ResearchInChina, the vertical portal for Chinese business intelligence, announces the release of a new report –China Rare Earth Permanent Magnet Industry Report, 2010-2011
ResearchinChina.com Publishes China Rare Earth Permanent Magnet 2010-2011 Industry Report

 

NewswireToday - /newswire/ - Beijing, China, 2011/12/19 - ResearchInChina, the vertical portal for Chinese business intelligence, announces the release of a new report –China Rare Earth Permanent Magnet Industry Report, 2010-2011.

   
 
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In recent years, the global market of rare earth permanent magnet materials has witnessed robust demand and supply on the whole. Relying on its rare earth resources, China maintains rapid growth in NdFeB output which accounts for more than 80% of the global total. In 2009, China’s NdFeB output reached 94,000 tons and the figure was estimated at approximately 110,000 tons in 2010.

Meanwhile, Chinese enterprises such as Zhong Ke San Huan and ZHmag are narrowing the gap with Japanese manufacturers in the development of high-performance NdFeB products. Chinese NdFeB products have enhanced their global market competitiveness significantly, and occupied over 30% of the global high-performance NdFeB market in 2009.

At present, two factors are favorable to the development of China’s rare earth permanent magnet industry. Firstly, the patent barriers in European, American and Japanese markets which restrict Chinese exports of rare earth permanent magnet materials have been basically broken down, except for 3 composition patents for rare earth magnet materials which will expire in 2014 in American market. Secondly, China’s NdFeB product mix has been optimized, with the newly-added capacity concentrating on high-performance NdFeB products for wind power equipment, new energy vehicles and energy-saving home appliances.

As for NdFeB manufacturers, Chinese NdFeB enterprises showed strong cost pass-through capability in H1 2011. When the prices of rare earth materials including praseodymium and neodymium skyrocketed, major manufacturers such as Zhong Ke San Huan and Ningbo Yunsheng still realized stable growth in operating revenue by raising the selling prices of NdFeB materials.

 
 
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ResearchinChina.com Publishes China Rare Earth Permanent Magnet 2010-2011 Industry Report

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