China Boosts Production of Rare Earth Permanent Magnet Materials in 2019

Feb. 18, 2020

Sintered NdFeB production up 10%, inline with rare earth mining, smelting and separation quota increases for the year

According to industry sources, China produced 170,000 tonnes of sintered neodymium-iron-boron (“NdFeB”) blanks in 2019, up 10% year-over-year, despite the nation seeing a lull in domestic EV sales growth, coupled with consecutive months of declining manufacturing activity.

Production of bonded NdFeB powder in China increased 5% in 2019 to 7,900 tonnes and production of samarium cobalt magnet alloy increased 4% to 2,400 tonnes.

Coinciding with this boost in magnetic materials production, China increased domestic rare earth mining, smelting and separation quotas by a similar 10% in 2019, demonstrating that demand growth for rare earths used in permanent magnets (namely neodymium, praseodymium, dysprosium and terbium) is what dictates, and will continue to dictate, production guidance in China.

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