| Title | The Current Status and Future Outlook of the Bonded Rare-earth Magnet |
|---|---|
| ID_Doc | 67341 |
| Authors | Yang, JP |
| Title | The Current Status and Future Outlook of the Bonded Rare-earth Magnet |
| Year | 2011 |
| Published | Journal Of The Korean Magnetics Society, 21, 4 |
| Abstract | Since their discovery in the early 1980's, the market for bonded rare earth magnets has shown steady growth. Today these magnets are widely used for our daily life such as computer peripherals, automotive, consumer electronics, and office automation. However, the price increases of rare-earths started from the 2nd half of 2010 became even worse in 2011. During 2nd quarter of 2011, almost all of rare-earths showed unprecedented vertical price increases, and it brought significant impact to the related industry in terms of the price and supply. This will ask the fundamental change in the policy of the bonded rare earth industry to expand its market share, which has been highly dependent on the replacement of ferrite magnets via relatively higher performance compared to the price at certain applications. In order to achieve the sustainable growth of bonded rare-earth magnets in the future, it needs to change the current paradigm and setup the new business model. This article includes a brief summary of the rare earth price trend and the applications of the rare-earth bonded magnets. The efforts to improve the performance and diversify the applications for future growth have been also presented. |
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