History of Rare Earth Metals Prices Charts for Neodymium Magnet
Beginning in 2010, due to national regulatory policies, continuous industry mergers and reorganizations, and the growth of market demand, rare earth raw materials have been in short supply and prices have risen sharply.
Just as aftershocks continued after a major earthquake, since then, rare earth prices have fluctuated frequently, which has become a common concern for the global industry. For example, in 2019, after the U.S.-China trade war and President Xi Jinping’s visited to a rare-earth magnet manufacturer, the price of rare earth magnets once again rose rapidly.
China Magnets Source has the production lines for the whole process of NdFeB production, including blank production, machining, and finished product plating, and has mastered the core technologies of blank production and grain boundary penetration technology. At the same time, we have 10,000 tons of sintered NdFeB blank production capacity, which allows us to provide cost-effective high-performance rare-earth permanent magnets to our customers in a long-term and stable manner.
The price fluctuation of raw materials affects the production cost of magnet manufacturers, makes inventory management more difficult, and affects the unit price of magnets. China Magnets Source attaches great importance to the inventory management of raw materials, and actively takes advantage of its capital to maintain a reasonable and sufficient stock of raw materials. We have many years of business cooperation with major suppliers and have established stable supply channels for rare earth raw materials. If you have any needs for magnets, please feel free to contact us by below table for the latest magnet price.