In 21st century, NdFeB magnet industries in Japan, America and Europe get slowdown in different degrees, but extraordinary development of China permanent magnet industry enable global sintered neodymium magnet industry to keep a sharp growth trend.
Academician Wang Zhenxi says that magnets output of China covers most of the global output. It is expected that rare earth magnet industry will usher a new rapid development period, which is boosted by new demand of low carbon economic industry, such as new energy cars and energy conservation motors.
With many years of innovation and development, China Rare Earth Magnet Limited developed neodymium wind turbine magnets, set up three production lines, produce large quantity of N35-N52 magnets every year. NdFeB permanent magnet industry has rapidly become a representative industry of China new material industry, which occupies 80% of global market share.
Under the impact of China neodymium magnet industry, structure of global magnet industry has a big adjustment from the end of 20th century to the beginning of 21st century. In 21st century, Wang Zhenxi believes that China rare earth permanent magnets can promote international configuration.
Tags: China Magnet
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