In the last two years, the price of samarium cobalt magnets is rising and rising again. Why do the prices of many magnets such as samarium cobalt magnets continue to rise and not fall? In fact, this is mainly our samarium cobalt magnets and other magnets need various rare earth elements in rare earth. These elements are essential in our conventional magnet production process, so the rise in the price of samarium cobalt magnets is rising with the price of rare earths. The reasons for the rise in rare earth prices are mainly the following two points:

1. Europe, the United States and Japan are too dependent on China's rare earth mineral resources.

From some of the earliest news, Europe, the United States and Japan expressed dissatisfaction with China's restrictions on the export of rare earth mineral resources. Recently, Europe, America and Japan have taken some actions to force China to lift the restrictions on rare earth mineral resources. This makes the four-way rare earth war between China, the United States, Europe and Japan once again escalated, and some time ago, Xiaobian also issued an article called: "China and Europe, the United States and Japan, the three parties," rare earth War "and then upgraded". China has been fighting Europe, America and Japan alone for so long. That would show how seriously we take the profession in our country.

2.China's protection of rare earth, a non-renewable resource, and its rectification plan

In the past two years, China has been reorganizing rare earth and its rare earth industry, so as to ensure the sustainable development of this industry for a longer period of time, which is necessary to shut down some small minerals that are backward in technology and cannot keep up with production capacity. At the same time, the consolidation of some companies, so that they have better technology, through these measures, the entire industry in the wrong rare earth mining companies significantly reduced. There are obviously fewer companies to supply rare earth minerals, competition is not as fierce as before, and prices will naturally rise. In fact, this is also a powerful means for China to protect the rare earth mineral industry.

Many people will question, Europe, the United States and Japan can not import from other countries? Don't they have rare earth resources in their own country? When it comes to these two issues, we need to talk about them separately. However, there is one thing that cannot be denied that the price of rare earth in China is very, very cheap.

As far as Europe and Japan are concerned, the two sides have no rare earth resources and minerals in their own countries and regions, which can be said to be rare earth minerals poor mining countries and poor mining areas in this respect. Then why do you have to import rare earth resources to our country? This is the previous said that China's rare earth resources are extremely cheap, and the export volume is very large, their demand is also very large, if the two parties in other countries to buy rare earth minerals, first of all the price is relatively high, and then need to buy in several countries at the same time in order to meet the rare earth they need. In order to get rid of the dependence on rare earth minerals, the Japanese magnet industry is studying new types of magnets. Some time ago, Japan has developed a new ferrite samarium cobalt magnet that does not contain rare earth elements.

And the United States? The price of rare earth mined in the United States is higher than that of rare earth purchased in our country. At the same time, the United States is also in order to better protect these non-renewable strategic resources, so it shut down its own rare earth mining plant first! Just like the United States sequestered its own non-renewable resources such as oil fields, used other countries' first, and then used their own when other countries' use up.

In fact, if China wants to protect rare earth mining, it must raise the price of rare earth. It is not the current high price of magnets in Ningbo, but the price of rare earth sold in our past is incredibly low, and the previous price has been nicknamed "cabbage price" by many people, so our country is so strong to resist the oppression of the three parties!

Yongbang Magnetic Industry is a high-tech private enterprise engaged in the production, sales and research and development of magnetic materials. Mainly engaged in rare earth permanent magnet, strong magnet, Ndfeb magnet, ferrite magnet, rubber magnet, aluminum nickel cobalt magnet, samarium cobalt magnet a variety of magnetic materials production and sales.

Yongbang magnetic industry always adhere to the core concept of "integrity, pragmatism, excellence", always adhere to the "quality is the life of the enterprise" policy, constantly improve the ability of innovation, and strive to produce products with customer satisfaction!