Importing Magnets From China
Since the early 1990’s, a large number of Chinese companies have been involved in study the manufacturing of rare earth magnets as China has discovered the world’s largest rare earth mine in Inner Mongolia.
At the same time, China’s abundant labor force has sent a large number of industrial workers to the magnet industry. Driven by the huge global market demand of rare earth magnet, lots of rare earth magnets are exported from China to all over the world.
Inexpensive Magnets From China
Abundant rare earth resources, inexpensive labor and technological advancement have increased the market supply of rare earth magnets and greatly reduced magnet price as well.
Coupled with pollution problems, it directly caused U.S. rare earths miner Molycorp, which once accounted for 40 percent of global supplies of rare earths, to shut down rare earth mines in 2002.
These factors make China’s magnet share increasingly larger in the global market. Eventually, the production center of rare earth magnets slowly moved from Japan & the United States to China.
Important Of Rare Earth Magnet
Rare earth magnets can be used for a variety of applications including serving as important components of weapons systems, high performance aircraft, MRI, PM motor, toy, smartphone, TV and Headset. It can be seen that these applications cover a wide range of industries.
Moreover, in some products, such as smartphones, glass, electric vehicles and jet engines, rare earth magnets are an essential component and hard to be replaced by other available materials. This has caused companies like Apple that depend on rare-earth magnet from China have nowhere to turn.
Types of Magnets From China
A neodymium magnet (also known as NdFeB, NIB or Neo magnet) is the most widely used type of rare-earth magnet. It is a permanent magnet made from an alloy of neodymium, iron, and boron to form the Nd2Fe14B tetragonal crystalline structure.
A samarium–cobalt (SmCo) magnet, a type of rare earth magnet, is a strong permanent magnet made of two basic elements samarium and cobalt.
A ferrite is a ceramic material made by mixing and firing large proportions of iron(III) oxide (Fe2O3, rust) blended with small proportions of one or more additional metallic elements, such as barium, manganese, nickel, and zinc.
Alnico magnet is permanent magnet that is primarily made up of a combination of aluminium, nickel and cobalt but can also includes copper, iron and titanium.
Bonded magnet materials can be created through Injection Molded and can be made from NdFeB, Strontium Ferrite or a combination of the two. Bonded magnets that are created through injection molding can be molded into complex shapes and also molded directly onto components.
Rubber magnets are also flexible Magnets for sign and display applications, from magnetic tape to flexible rubber magnetic sheets.
Shipping Magnets From China