Permanent Magnet Industry On The Rise

By: Stanford Magnets  04/14/2014
Keywords: Permanent Magnet, Rare-earth Magnets

In spite of sluggish behavior in related tech markets, the permanent magnetic market is in the throes of a substantial upswing with the money saving factors of thrift and responsibility in regards to energy efficiency while witnessing a global increase in electrification. The growth stems primarily from automotive concerns as well as natural resource capture in the wind powered industry.

Vehicles are becoming more efficient with energy usage, with engineered designs improving efficiency of hybrid cars, electric automobiles, and power steering upgrades. The turbine market for wind harvesting falls closely behind in demand, with manufacturing of the turbines seeing all time highs for demand and better designs offer lower costs for construction and utilization.

Looking to the Supply Source

Currently, China is the leading provider for permanent magnet supply, working with an estimated 23% of the world’s supply of rare earth metals. The dominated marketplace has placed China in a position to regulate pricing for demand as an afterthought, similar to currency manipulation on the open market. Availability or demand does not drive prices, but are instead disregarded for control issues. With a monopoly on the metals required for permanent magnets resting solely in China’s hand, prices can continue to fluctuate on Chinese interests and not worldwide demand.

Minerals coming under Chinese control include ferrite as well as the rare earth metals commonly heard mentioned in the news with conjunction to cell phone technology. These include dysprosium, of which China controls 99% of the market and neodymium of which they control 95%. Strategic steps are being taken by the Chinese government to keep control of the market, but evolving technologies may prove to be the lynchpin in bringing the giant down.

Light at the End of the Tunnel

Recent discoveries in heat fluctuating metal sources of nickel and vanadium have found that subtle heat changes allows a wide range of magnetic shift as those required by the forcible manipulation of rare earth magnets. This technology is still in the developmental stage, though laboratory tests show great promise in this inexpensive substitution for a market resource controlled by China. Oddly enough, it is the consumer boom in China itself that is helping fuel the influx of need, so at least for the time being, prices aren’t so out of control as to knock out non-Chinese manufacturing competition.

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

Other news and updates from Stanford Magnets


Facts about rare earth magnets

Rare earth magnets are solid, perpetual magnets, which are made of combinations of extraordinary earth components.


Why are people so attracted to rare earth magnets like neodymium?

One can without much of a stretch discover a neodymium magnet in a hard plate of a machine, earphones, and uproarious speakers to name a couple.


The rise in commercial usage of rare earth magnets

Rare earth are particularly weak and most powerless to erosion, a defect which is amended by covering to secure them against breakage or chipping.


The Forthcoming of Cerium Shakes the Permanent Magnet Industry

To reduce processing costs, miners should be able to sell rare earths that they mine and not just what is wanted the most.


Cell phones and televisions powered by rare earth magnets

Did you realize that the color pictures for mobiles and TVs are generated by rare earth components, for example, praseodymium, cerium and lanthanum that additionally make magnets lighter, adjust the colors of fluorescent lights and add to wind turbines and the regenerative brakes of mixture autos?


Rare Earth Magnets And You

This new circumstance has made extreme enthusiasm toward discovering other minable mineral bodies in different parts of the world and in exploration with the purpose to discover potential substitutes for these magnets.


Magnetic Electricity Industries Applications

Using magnetic monopoles that are found in unique ice crystals are used;this is the first time something like this has been done.


How Neodymium Magnets Are Improving Our Lives?

Whether you need to inspire somebody with an astounding blessing, you need to enhance those enchantment abilities or on the off chance that you simply require magnets for your business, now you know all the subtle elements and employments of the revolutionary Neodymium magnet and how this stunning disclosure enhanced our lives.


How Are The Neodymium Magnets Being Produced?

There are two separate procedures that are utilized to prepare neodymium magnets; the established methodology and fast cementing.


Are Rare Earth Magnets Really “Rare”?

Notwithstanding the name given to this aggregation of components, they are not especially rare whatsoever; they are really show in numerous mineral stores around the globe.


Relationship Between Rare Earth Magnets And Healthcare

Interestingly enough, magnets have been utilized within medicinal services for several hundreds of years. The old recorded history of magnets being utilized for medicinal objects is followed over to Africa, where a magnetite mine has been uncovered.


Cerium And How It Affects The Permanent Magnet Industry

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.


Permanent Magnet motor puzzle solved by a German Inventor

The vitality utilized for charge, then again, is not what keeps the magnet meeting expectations.


An Overview of The International Permanent Magnet Market

The permanent magnet market has experienced significant growth over the past few years. The demand for these magnets are increasing day by day because they play a major role behind energy and automotive sectors.


The Future of Cerium And Its Effects On The Permanent Magnet Industry

The current trends in rare earth mining are the catch phrase elements of neodymium, samarium, dysprosium, and terbium;these are the most common, seeing worldwide demand rising from applications in mobile device production and demand.