While Cerium was not
linked to magnetism earlier, this rare earth element does have an influence on
permanent magnet industry. It is said that, it is higher than the influence of neodymium,
dysprosium, samarium, or even terbium, which are used in rare earth magnets.
This is because of a concept that we can call balancing. In other words, to
reduce processing costs, miners should be able to sell rare earths that they
mine and not just what is wanted the most. However, it is not possible always
due to variations in demand and supply. Though interlinked, they’re independent
factors and rarely meet!
The importance of demand-supply balance
shouldn’t and can never be ignored, if the efforts should yield profits.
Nowadays, dysprosium and neodymium business thrives, something that is not
usual for rare earth industry. Originally, lanthanum and cerium were considered
important rare earth elements. When mining to get neodymium for magnet market, huge
amounts of lanthanum and cerium are also got as by-products. This is now piling
up and creating an imbalance in supply – demand.
Generally, there are two ways to restore
balance. One is by creating demand by coming up with newer applications and the
other is reducing price. As for reduction in pricing, market always responds
overwhelmingly well. Over the last fifty years, rare earth mining has moved to
China. Even so, the growth and scope of rare earth elements were due to their
applications. With an excess pile of Cerium accumulating, it is highly
important to come up with new and innovative applications for this rare earth
element. Recent attempts often mimicked rehash of older ideas and new uses are
not yet identified. It is important to
come up with many uses for Cerium, closely followed by lanthanum, to get rare
earth elements market back on track.
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.