In the past two years, the price of high-temperature-resistant samarium-cobalt magnets has risen and risen again. Why do the prices of high temperature resistant samarium cobalt magnets and many other magnets continue to rise instead of falling? In fact, this is mainly because our high-temperature-resistant samarium-cobalt magnets and other magnets need various rare earth elements in rare earths. These elements are essential in our conventional magnet production process, so the price of high-temperature-resistant samarium-cobalt magnets rises with the price of rare earths. The reason for the rise in rare earth prices is mainly the following two points:
1. In Europe, America and Japan are too dependent on China's rare earth mineral resources.
From some of the earliest news, Europe, the United States and Japan expressed dissatisfaction with my country's restrictions on the export of rare earth mineral resources. Recently, Europe, the United States and Japan have taken some actions to force my country to lift restrictions on rare earth mineral resources. This has led to another escalation of the four-way rare earth war between China, the United States, Europe and Japan. Some time ago, the editor also published an article titled: "Re-escalation of the "Rare Earth War" among China, Europe, the United States, and Japan". China has single-handedly resisted the three parties of Europe, America and Japan for so long. It can show that our country attaches great importance to this industry.
2. Our country's protection and rectification plan for rare earth, a non-renewable resource
In the past two years, China has been rectifying the rare earth industry and its rare earth industry, so that the industry can continue to develop for a longer period of time. It is necessary to shut down some backward technologies and production capacity that cannot keep up. of small minerals. At the same time, some companies are also integrated to allow them to have better technology. Through these measures, the number of companies that develop wrong rare earth minerals in the entire industry has been greatly reduced. Obviously, there are fewer companies supplying rare earth minerals, the competition will not be as fierce as before, and the price will naturally rise. In fact, this is also a powerful means for my country to protect the rare earth mineral industry.