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
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.
in California, Stanford Magnets has been involved in the R&D and sales of
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.