Cerium And How It Affects The Permanent Magnet Industry

By: Stanford Magnets  04/24/2014
Keywords: Permanent Magnet, Rare Earth Magnets

From the recent world trends, it has been identified that cerium has a huge impact on the permanent magnet market. According to the statistical information, it has been figured out that its impact is much stronger than other popular rare earth materials such as samarium, neodymium and terbium. Plenty of reasons have contributed towards the popularity of cerium and the concept that ‘earthers’ call balance holds the number one.

The miners need to balance the sale of rare earth materials in order to reduce the processing cost that is associated. Even though this sounds like an impossible task, cerium has given a great relief for them. They cannot neglect the supply & demand chain throughout the process, so the balancing has become quite a struggle. In the present world, dysprosium and neodymium are the magnets that drive rare earth business. However, this story was different in the past where cerium dominated the industry. The mining process that is used to extract neodymium creates cerium in large volumes. There needs to be a proper balance between the production of neodymium and cerium, which has created the current trends that you can see in the market.

In the past, people used a different method to create the balance in production. The method they used was known as application development and pricing. The regular price fluctuations that happened in the past have encouraged the market to go in a proper direction. It can clearly be seen from the USGS chart that displays the growth of rare earth materials over the past 50 years. If you go through the chart, you can also see the shift of rare earth magnet production to China. The entire industry was distributed among companies from all around the world until 1990 and China was dominating the industry after that. At present, we have entered an era where development of new applications using rare earth materials is not that popular. However, the existing applications have created a huge demand for the market.

About Stanford Magnets.

Based in California, Stanford Magnets has been involved in the R&D and sales of licensed , Neodymium magnets and SmCo magnets, ceramic magnets, flexible magnets and magnetic assemblies since the mid of 1980s. We supply all these types of magnets in a wide range of shapes, sizes and grades.

Keywords: Permanent Magnet, Rare Earth Magnets

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