According to the data released by China Rare Earth Industry Association, the output of NdFeB permanent magnet materials in China in 2019 was 180300 tons, an increase of 9.6% year-on-year, an increase of 4.6 percentage points compared with 2018. The rapid growth of NdFeB permanent magnet materials in China benefited from the rapid growth of downstream electronic information manufacturing industry and other requirements.
At the same time, according to the data released by China Rare Earth Industry Association, the output of NdFeB magnetic materials in China was 138000 tons in 2018, accounting for 87% of the global total output, nearly 10 times that of Japan, the second largest in the world. China has become the world's largest producer of NdFeB permanent magnetic materials.
Output statistics and growth standard of NdFeB permanent magnet materials in China from 2014 to 2019
