Rare earth permanent magnet are excellent, and its demand is expected to grow rapidly, with a compound growth rate of 24.96% by 2025. Neodymium magnet has excellent performance, with a maximum magnetic energy product of only 31-462Kj. Among them, neodymium magnet has the largest market space and the fastest development speed in the world. Neodymium magnet is mainly used in fields such as wind power, new energy vehicles, variable frequency air conditioning, industrial motors, etc. The global demand for high-end neodymium magnet is expected to reach 198000 tons by 25 years. The Ministry of Industry and Information Technology will adjust the annual rare earth supply indicators according to market demand. We believe that the main goal of setting rare earth supply indicators is to ensure that the rare earth market is neither short nor surplus. Due to strong demand and rigid supply, the possibility of rare earth prices exceeding the limit is relatively small. At the same time, the downstream sales end adopts the cost plus method of regular price adjustments, with quarterly and monthly price adjustments, which can quickly transmit the pressure of upstream magnetic material prices to the downstream.
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