Rare earth permanent magnet materials production this year will reach 94,300 tons

At present, the production capacity of rare earth permanent magnet materials 300,000 tons, annual output of 80,000 tons, less than 30% capacity utilization. This year, China's production of rare earth permanent magnet materials is expected to reach 94,300 tons.
    
CCID Research Institute Yuan Kaihong raw material industries, said that although China's rare earth permanent magnet production ranked first in the world, but the market share of high-performance permanent magnet materials less than 10%. Many provinces even without resources and core technology, it has still a large number of new construction projects NdFeB, resulting in a more serious homogenization of vicious competition phenomenon.
    
China Rare Earth Association, Gan Yong called around for prudent investment in low-level permanent magnet industry, should guide investment to the use of rare earth materials transfer components and end products, or to encourage new investment and joint venture financing of existing enterprises, to avoid blindly increasing capacity.


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