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.
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.
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.
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.