Research and Markets has announced the addition of the “China Rare Earth Permanent Magnet Industry Report, 2012-2015” report to their offering.
Amid the global economic downturn and the falling prices of upstream rare earth raw materials and NdFeB products, the demand for downstream NdFeB dropped dramatically in 2012. China’s NdFeB apparent consumption will rebound stably in the wake of the recovered demand in consumer electronics, automotive motors and other major downstream industries since 2013.
In H1 2012, the operating rate of China NdFeB industry was less than 50 percent. High-end NdFeB manufacturers maintained the operating rate as high as 70 percent to 75 percent, while low-end NdFeB companies only saw 30 percent to 40 percent. Since 2013, downstream industries have transferred from de-stocking to re-stocking, which stimulated the growth in orders for NdFeB and boosted the industrial operating rate obviously. In Q2 2013, the operating rate of major Chinese NdFeB producers returned to 70 to 80 percent.
By 2014 when the patent licenses of Japanese Sumitomo and US Magnequench will expire in European, American and Japanese NdFeB markets, Chinese NdFeB enterprises will witness breakthroughs in export, but eight of them who hold export patent licenses (including Zhong Ke San Huan and Ningbo Yunsheng) will also face fierce competition herein.