The concept of rare earth permanent magnet continues to be hot recently, leading to a continuous rise in the share prices of related companies.According to the market survey announcement on July 4th, the company's trading price rose by more than 10% during the three consecutive trading days from June 27th to June 29th. According to the relevant provisions of the trading rules of shenzhen stock exchange, it is an abnormal fluctuation.And the rare earth permanent magnet material rise causes the permanent magnet device price also to rise.
The PM device business includes PM ferrite and sintered ndfeb devices.Permanent magnet ferrite devices are composite oxides made by ceramic process, which are widely used in automobile, motorcycle, electric vehicle, communication, electroacoustic, household appliances, computer, motor and other fields.Sintered ndfeb device is a rare earth permanent magnet material made of iron, neodymium, boron and a small amount of additives dysprosium and terbium.
"China is the world's largest producer of rare earth neodymium iron boron, and our new energy vehicles, energy-saving appliances, industrial robots and other industries have provided important support for the development of rare earth permanent magnet materials," said an industry insider.The global market capacity of ndfeb magnet is more than 10 billion us dollars, we almost occupy more than 80% of the market share, this is an energy saving and environmental protection sunrise industry, there may be better performance than ndfeb magnet in the future.
HG Magnet CO.,LIMITED ,your professional NdFeB magnet Manufacturer,You can find us through www.hgmagnets.com