ferrite magnets
China's exports of rare earth permanent magnet products continue to rise in December 2020
Jan 25,2021.

In December 2020, my country’s total exports of rare earth permanent magnet products (including rare earth permanent magnets, quick-setting permanent magnet sheets, magnetic powder and other neodymium iron boron alloys) totaled about 4,535 tons, with an export value of approximately US$198 million.

  • Compared with November, the export volume and export value of my country's rare earth permanent magnet products increased significantly in December, the export volume increased by 17.4%, and the export value increased by 16.8%.
  • Compared with the same period last year, the export volume and export value of my country's rare earth permanent magnet products also increased substantially in December this year. The export volume increased by 15.4% and the export value increased by 17.0%.
  • The overall average export price of rare earth permanent magnet products in December was basically the same as the previous month, with a slight decrease of 0.5%, an increase of 1.5% over the same period last year (the average price of neodymium praseodymium metal in December increased by 11.8% from the previous month and 43% from the same period last year) .

China neodymium magnets export

Among all export products, the export volume of rare earth permanent magnets was about 3922.9 tons, an increase of 19.4% month-on-month and a year-on-year increase of 12.9%. The average export price was approximately US$46,300/ton, a decrease of 2.3% month-on-month and an increase of 1.6% year-on-year.

Neodymium magnets China manufacturer



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