Since this year, the price of NdFeB strong magnet raw materials has been rising, causing many of our end users to call hard, and what is the price of the strong magnet in the end?

There are several big aspects of the price rise this year. On the one hand, it is the state control and storage. On the one hand, the government has stopped some irregular raw material separation manufacturers on the one hand, and on the other hand, it is the stability of our market demand. A combination of several factors has led to the rising price of magnets this year.

Under normal circumstances, the price cost of the strong magnets used by the terminal customers is about 60-70% from the cost of raw materials, so when the price of the material is rising, the price of the strong magnet is also rising very badly.

In the future, the industry will continue to see a trend of inflation in the second half of this year.