NdFeB rare earth prices skyrocketing victimized companies

"We are here to work with you on the same front, hoping to stabilize the prices of raw materials, sustainable and healthy development makes the downstream." Fifth Baotou Rare Earth Industry Forum for the Q & A session, there is the case of rare earth enterprises respond Chengdu Galaxy Magnets Joint Stock Company (hereinafter referred to as "Chengdu Galaxy Magnets") General Manager Wu Zhijian statement.

As the larger bonded NdFeB production enterprises, "Our company has worked with other companies to cooperate, with bonded NdFeB magnets made of brushless DC motor instead of the original AC motor, more than 78% performance increase, However, in 2011 to prepare a large number of promotional efforts, but suffered rare earth prices skyrocketing. "Wu Zhijian to the" First Financial Daily "said.

Statistics show that NdFeB sintered NdFeB and bonded NdFeB is divided into two kinds. Wherein the sintered NdFeB permanent magnet materials are widely used in electronics, electrical machinery, medical equipment, toys, packaging, hardware, machinery, aerospace aviation and other fields; bonded NdFeB magnets NdFeB alloy powder is put with ring epoxy resin, plastic, and other additives such as adhesion mixed, and using a molding method such as compression molding, injection molding, molding and calendering, prepared from a composite permanent magnet.

2011, rare earth prices have doubled soaring, partly phased bonded NdFeB enterprises, unable to digest the price skyrocketing cost pressures, re-find prices cheaper alternatives.

Wu Zhijian, at present, the user uses ferrite bonded NdFeB magnets alternative, although not as good as bonded NdFeB magnet motor efficiency motors do, but the cost is greatly reduced. "Only a handful have special requirements for electrical efficiency of products, will use our company's bonded NdFeB magnets, but the demand has been very little."

If you continue to use bonded NdFeB magnets, each motor costs to increase from 30 to 40 yuan, the user and the market simply unacceptable, so the whole project stalled. "If this project in the country to promote the smooth, praseodymium neodymium alloy available annually about 1,200 tons, saving electricity would be a considerable number, so unfortunately died." Wu Zhijian said.

Chengdu Galaxy Magnets encounter is not the case. 2011 rare earth prices skyrocketing, the pair bonded NdFeB a significant impact on the industry. That time, the downstream application markets serious recession, a lot of bonded NdFeB materials production enterprises were forced to cut, cut, a serious shortage of capacity utilization.


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