Driven by factors such as rising of rare earth materials and better downstream demand. The price of NdFeB has been rising rapidly in recent days. The data show that the prices of NdFeB N, H and M products continue to rise, 23 yuan -35 yuan per kilogram, and some varieties nearly 40% in a week. At present, the main price of NdFeB N35 products sintered by blank is 175 yuan -180 yuan / kg.
It is reported that NdFeB has many advantages such as strong magnetism, small volume and so on. With the continuous breakthroughs in technology and rapid development in recent years, the current production and sales volume has approached the traditional ferrite, and its trend of substitution is obvious. With the continuous development of new energy vehicles and robotics industry, the demand for high-performance NdFeB is rising, which is expected to become the development direction of magnetic materials in the future.
Some agencies say high-performance NdFeB magnetic materials are expected to become the next outlet for new energy vehicles. The trend of new energy vehicles is irresistible. Upstream lithium and cobalt assets have ushered in a magnificent revaluation. This trend is still in the ascendant. The next renewable energy vehicle will be the high-end NdFeB magnet.
The research shows that with the continuous launch and release of new energy vehicles at home and abroad, the global new energy vehicle production is expected to exceed 5 million vehicles in 2020, which will bring about 14 thousand tons of high-end NdFeB product demand, which is equivalent to doubling the new energy vehicle neodymium and iron boron demand in 2016; the supply side, the high end capacity and the technology are limited. High barriers are high, and the downstream high-end customers have high threshold and high stickiness; on the price side, considering the effectiveness of rare-earth black, the price of rare earth is expected to continue to recover to cover environmental protection and resource costs. The strong cost transfer ability of high-end magnetic materials and the characteristics of gross interest rate pricing will benefit from the sustained inventory revaluation and the single price. Tons of profits are raised. In order to integrate the above factors, once the demand for new energy vehicles is coming, the industry will have the characteristics of "the rising price and the strong Heng Qiang", and the leading enterprises will have a great opportunity for development.www.greatmagtech.com/ www.gme-magnet.com
Moreover, in addition to the rapid growth in the demand for magnetic materials for new energy vehicles, the growth rate of traditional automobiles, wind power, consumer electronics and other industries is stable, and the demand for industrial applications may be expected. The demand for neodymium-iron-boron in traditional automotive EPS and direct-drive wind turbines will increase steadily along with the increase in production and sales volume, and increase in permeability. It is worth noting that the application of neodymium-iron-boron in general industrial motors has gradually been recognized by more people in the industry. Assuming that the global industrial robot production will reach 700,000 units in 2020, it will bring in more than 14,000 tons of high-performance NdFeB demand. In the future, with the rapid increase in the penetration rate of NdFeB in industrial motors and the increase in the popularity of industrial robots, the demand for high-end NdFeB will likely usher in yet another rapid growth.