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Brief of rare earth permanent magnet materials industry from January to October 2018

Brief of rare earth permanent magnet materials industry from January to October 2018

Dec 20,2018

Benefiting from the rapid development of new energy vehicles, energy-saving appliances, industrial robots, etc., from January to October 2018, the rare earth permanent magnet materials industry maintained a good momentum of development, with steady growth in output, and the proportion of medium and high-end products was close to 60%. Among them, the output of sintered NdFeB blanks was 129,500 tons, up 5% year-on-year; the output of bonded NdFeB and SmCo magnets was 5,000 tons and 2,100 tons respectively, which was the same as that of the same period of last year. (Source: China Rare Earth Industry Association)