International trends of high temperature samarium cobalt magnets

In the past two years, the price of high temperature samarium cobalt magnets has been rising and rising again. Why do the prices of many magnets such as high temperature resistant samarium cobalt magnets continue to rise instead of falling? In fact, this is mainly because our high temperature resistant samarium cobalt magnets and other magnets require various rare earth elements in rare earth. These elements are essential in our conventional magnet production process, so the rise in the price of high temperature samarium cobalt magnets is accompanied by the rise in the price of rare earths. The reasons for the increase in rare earth prices are mainly due to the following two points:

1. Europe, the United States and Japan are too dependent on China’s rare earth mineral resources.

From 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 makes the four-way rare earth war between China, the United States, Europe and Japan escalated again. Some time ago, the editor also published an article titled: “Re-escalation of the three-way “rare earth war” between China and Europe, America and Japan”. China has resisted the three sides of Europe, America and Japan by itself for so long. It shows that our country attaches great importance to this industry.

2. my country’s protection of rare earth, a non-renewable resource, and its rectification plan

In the past two years, China has been rectifying rare earths and the rare earth industry, so that the industry can develop more sustainably. It is essential to turn off some backward technologies and the production capacity cannot keep up. of small minerals. At the same time, it also integrates some companies to make them have better technology. Through these measures, the number of companies that make mistakes in rare earth minerals in the entire industry has been greatly reduced. Obviously, there are fewer companies supplying rare earth minerals, and the competition will not be as fierce as before, and prices will naturally rise. In fact, this is also a powerful means for my country to protect the rare earth mineral industry.