ALBANY, N.Y. -- As the third-generation rare earth permanent magnet material, NdFeB is featured with small size, light weight, strong magnetic force and other characteristics as well as widely used in consumer electronics, transportation, wind power, automobile, medical equipment and other fields.
The growth of China’s downstream demand for new energy vehicles and wind power equipment, the tightened supply of rare earth material and other factors have boosted the global NdFeB capacity to by degrees shift to China in recent years. In 2013, China’s NdFeB output was 94 kt, accounting for 91.0% of the global output; wherein, China’s high-performance NdFeB output hit 22 kt, sharing 54.3% of the global total.
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As for companies, Hitachi Metals, Shin-Etsu Chemical and TDK have monopolized 48% share of the world’s high-performance NdFeB market.
Hitachi Metals holds 615 patents as the world's largest manufacturer of high-performance NdFeB. As of the end of 2013, it had authorized eight Chinese NdFeB companies with 149 patents, of which four ones had been expired. Currently, all NdFeB production bases of Hitachi Metals are located in Japan, while its subsidiaries/branches or agents in China are responsible for marketing.
The high-performance NdFeB of Shin-Etsu Chemical are mainly used in hybrid cars, EPS, VCM, consumer electronics and other fields. In early 2013, the company put its Hybrid Car-Use NdFeB Production Base Project (Phase I) in Fujian into production with the annual output of 3 kt of rare earth magnetic alloy sheets which are completely exported to Japan.
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