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Dec. 5, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Global and China Permanent Magnet Industry Report, 2012
Global and China Permanent Magnet Industry Report, 2012 of ResearchInChina chiefly covers the followings:
1. Overview of the rare earth industry
2. The market of ferrite permanent magnet
3. The industry of NdFeB magnet
4. Market analysis of NdFeB magnet
5. The study of 13 main permanent magnet enterprises
Permanent magnet is mainly divided into two categories, that is, ferrite and rare earth magnet. Rare earth magnet mainly includes NdFeB. Due to the acute fluctuation of rare earth prices in 2011, NdFeB price correspondingly experienced wide fluctuations. The average price of NdFeB was
RMB 106 / kg in
January 2011, then rose sharply to
RMB 615 / kg in July, but slumped to
RMB 215 / kg in December. The average price in the third quarter of 2012 was
RMB 173 / kg.
In 2011, some NdFeB-applied products exited the market due to drastic volatility of rare earth prices. Taking nuclear magnetic resonance imaging equipment as an example, the unit price of equipment is about
RMB 3-4 million, but with the skyrocketing of the rare earth prices by 7-8 times, the material costs increased from originally
RMB 1 million to above
RMB 2 million, correspondingly, manufacturers have to replace NdFeB with superconductor.
Same happens to wind power generation equipment. When the cost of material increased from RMB 600,000~700,000 / ton to
RMB 1.5 million / ton, wind power generation equipment manufacturers have to abandon the excellent NdFeB, and pick up the old method of transforming electricity to magnet. Once quitted, it is very difficult for NdFeB to get into the market again, because a product has a certain life cycle, and changing design is not easy.