As we all know, the rare earth (the raw material of magnet) is non-renewable resources.
However, China has exported the magnets at low price over 10 years.
Now the goverment has to regluate and control the rare earth mine and the whole rare earth industry because of the rare earth will be less and less day by day.
So price of magnet is keeping increasing and no reduction nowadays.
Now the goverment has to regluate and control the rare earth mine and the whole rare earth industry because of the rare earth will be less and less day by day.
So price of magnet is keeping increasing and no reduction nowadays.
Overview on the Worlds’ Magnet Supply
China: Ferrites 60%, Neo 70%, SmCo 70%, Alnico 50%, Bonded magnets 25%
Japan: Ferrites 20%, Neo 20%, Bonded magnets 20%
India: Ferrites 5%
Thailand: Bonded magnets 20%
USA: Ferrites 10%, SmCo 10%, Alnico 20%, Bonded magnets 10%,
Europe: Neo 10%, SmCo 10%, Alnico 20%, Bonded magnets 15%
