NdFeB magnet is a high-performance permanent magnet material, which is widely used in various fields, such as new energy vehicles, green energy, microelectronic equipment, etc. In recent years, with the development of the global economy and the advancement of technology, the demand for NdFeB magnets has continued to grow, and the price has also fluctuated. This article will analyze the price trend in recent years to provide reference for industry professionals.

1. Resource supply affects price

The main raw materials of NdFeB magnets are rare earth oxides, such as neodymium, praseodymium, and iron. The origin of rare earth elements is unevenly distributed, mainly concentrated in China, the United States, Australia and other countries. In recent years, the Chinese government has strengthened environmental protection supervision and resource integration of the rare earth industry, resulting in a contraction in the supply of some rare earth minerals. In addition, the global economic recovery and the promotion of green energy policies have made the demand for NdFeB magnets rise steadily. The intensification of the contradiction between supply and demand has caused the price of NdFeB magnets to rise during 2018-2020.

2. International political factors affect prices

Since 2020, international political factors such as Sino-US trade frictions and the new crown epidemic have also affected the price of NdFeB magnets. Under the trade tensions, the international trade of NdFeB magnets has been hindered to a certain extent, resulting in tight market supply and short-term price fluctuations. However, with the Sino-US trade negotiations and the COVID-19 epidemic being gradually brought under control, the price of NdFeB magnets has gradually returned to a stable state.

3. Industry development drives prices

The rapid development of green industries such as new energy vehicles and wind power generation has promoted the demand for high-performance magnet materials. For example, the motor system of the new energy vehicle industry requires a large number of NdFeB magnets, and the global demand for new energy vehicles is showing explosive growth. In addition, the demand for magnetic materials in high-tech fields such as 5G communications and artificial intelligence is also increasing. These factors have jointly promoted the rise in the price of NdFeB magnets.

4. Price prediction

Although rare earth downstream industries such as automobiles and wind power developed well in the first half of the year, it was difficult to boost confidence in the rare earth market. The main reason was that magnetic material companies mainly consumed raw material inventories, and the purchase volume was small. The overall decline in the rare earth market in the first half of the year was the main reason. The recent global economic situation is not optimistic, China’s export has been restricted to a certain extent, coupled with the continuous development of foreign rare earth industries, the short-term downward pressure on rare earth prices is still great, the price of rare earths in the third quarter may still be mainly adjusted at a weak point, and the fourth quarter will enter the peak season of the rare earth industry. There will be some growth in production and sales, coupled with the continuous rapid development of new energy, new materials, energy conservation and environmental protection industries, there is still a gap in domestic demand for rare earths, the development prospects of the rare earth industry are still broad, and the rare earth market may usher in an upward trend in the fourth quarter.

To sum up, the price of NdFeB magnets is affected by many factors and has certain volatility. In the short term, with the recovery of the global economy and the development of green industries, the demand for NdFeB magnets will maintain a growth momentum, and prices are expected to continue to rise. However, in the long run, with the development of rare earth resources and the research of alternative materials, the price of NdFeB magnets may gradually stabilize. Investors and industry professionals should pay close attention to market dynamics and take precautions against risks.