Future Development Direction Of Rare Earth NdFeB Magnet Industry

Mar 22, 2023

Future development direction of rare earth NdFeB magnet industry

 

What is the development prospect of NdFeB? The NdFeB powerful magnet industry is relatively partial, why is it relatively partial, because the magnets we usually see are all speaker magnets, which are black permanent ferrite magnets. There are four main types of magnets, usually the most Commonly used are rare earth neodymium iron boron strong magnets and permanent ferrite magnets. There are higher-level samarium cobalt magnets and alnico magnets. There is also a special kind of magnets - iron chromium cobalt magnets, the latter three It is relatively less used, and because of its high price, it is mostly used in high-end digital products or electronic and electrical products.

Rare earth NdFeB magnets-1

After two years of effective control of rare earth NdFeB powerful magnets, the price has stabilized, the rational development and utilization of rare earth minerals has been effectively controlled, and the production of rare earth magnet raw materials has gradually stabilized. The price of raw materials in the entire market is stable. The price of magnet products is relatively stable. In the Internet age, the price of the product is very transparent. When everyone’s product quality is the same, the unit price of the product is naturally transparent. Just put a product on the Internet for quotation, and the price advantage is very obvious. Therefore, Product competition depends on products, and product competition depends on quality.

 

In the face of harsh market competition, the price of NdFeB powerful magnets tends to be dwarfed by comparison. The market situation in the past two years has not been good. The development of magnet products has reached a stage of intense development. Facing the harsh production environment, various manufacturers We have to engage in price wars at the bottom. Due to the limited production capacity of these manufacturers, they are only simple product processing methods without their own special product advantages. Since an enterprise wants to survive, the only way is to use price and service to maintain The survival of a manufacturer is to compete for orders. On the other hand, if these manufacturers can fundamentally solve their own problems, break through their own production technology problems, break through their own problems from the perspective of product quality and product advantages, and take the initiative instead of being passive, when their own products and quality have advantages, the enterprises themselves By gaining the right to take the initiative, the company has enough say in the face of customers, not only can avoid price competition on products, but also can firmly grasp the needs of customers for products, and develop long-term cooperation.

 

Throughout the development history of various enterprises, it is always the technology to promote the product, the product to occupy the market, and the market to drive the development of the enterprise. Then, there is no hope for the development of this enterprise, because the market is cruel and competition is realistic. After all, low-end products cannot meet the needs of market development and face elimination. Enterprises must develop, products must be updated, and technology must be constantly improved. Breakthroughs, to meet market development needs, to meet customer product needs, enterprises must make breakthroughs in technology and break through the existing production mode.