High-performance Neodymium Magnets Applied in Intelligent Robots 20170830

High-performance Neodymium Magnets Applied in Intelligent Robots 20170830



Neodymium permanent magnets  are mainly used in sensors and motors of intelligent robots including industrial robots, professional service robots and individual/domestic robots, of which year-on-year growth of sales was 29%, 11% and 17.5% in 2014, according to statistics of International Robot Association. Industry and consumption cannot upgrade without rapid development of future intelligent manufacture and service. With relative prediction of International Robot Association, in these few years, sales growth of industrial robots will be 12%-15%, professional service robots 10%-12%, and individual/domestic robots 20%. An industrial robot and a professional service robot consume 20kgs of neodymium iron boron magnets, while an individual/domestic robot uses 0.5kg. Based on prediction of sales and production volume and consumption of single robot, in 2016-2018, there will be 9431 tons, 10817 tons and 12799 tons of neodymium magnets will be used in global robot area, with year-on-year growth rate of 13.5%, 14.7% and 18.3%.

Tags: neodymium magnets, robot magnets, permanent magnets

Rising Price of Rare Earth Influences on Neodymium Magnet Manufacturers 20170823

Rising Price of Rare Earth Influences on Neodymium Magnet Manufacturers 20170823

Currently, as focus of attention in the market, price of rare earth permanent magnets, again, rises significantly. Analysts indicate that there are two main reasons for dramatically increasing price in a short time. On one hand, influenced by fast price jump of rare earth metal, permanent magnet manufacturer, with strong cost transferable ability, have to moderate price of neodymium permanent magnets. On the other hand, development of new energy automobile and its increasing demand guarantees modest price growth of magnetic products in the future.


Actually, this year, domestic new energy automobile industry has maintained rapid development. According to latest data released by China Automotive Industry Association, China sold 56000 new energy cars in July, with its year-on year growth by 55.2%.  Also, in the first 7 months, 251000 new energy vehicles were sold, with year-one year growth by 21.5%.

Price uptrend of rare earth metal is pushed by continuous demands of new energy automobile, which brings investing opportunity to magnetic material area. Affected by crackdown of illegal mining, supply of rare earth is under great pressure. So far, upstream suppliers of neodymium oxide and praseodymium oxide are taking wait-and-see attitude, which results in shortage in downstream. Meanwhile, price rise of upstream raw material is now affecting downstream magnet manufacturers in China. Some  neodymium magnet suppliers  adopt daily price quotation, implying scarcity of raw material. In the future, downstream suppliers will benefit from long-term development of new energy automobile and magnetic consumption (neodymium permanent magnetic material) will have foreseeable continuous high growth.

Tags: neodymium magnet, rare earth magnet, permanent magnet, magnet manufacturer, China magnet