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Mar 25, 2023

What are the factors that affect the price of magnets

1. That is to say, the increase of magnet raw materials, the higher the performance requirements for the magnet, the higher the cost, such as NdFeB magnet, the price of N45 is much higher than the price of N35.

2. The more complex the processing cost, the higher the processing cost; The higher the tolerance, the higher the processing cost; The smaller the batch, the higher the processing cost.

In recent years, the price of magnet raw materials has become higher and higher. One of the reasons is that the country's policies have failed to keep pace with the development needs of the market, making the development of the market unbalanced, thus allowing speculators to speculate. In order to adjust the magnet market, the state proposed a new policy of "National Twenty-two Articles". Local governments have responded positively and implemented them. Therefore, the new policy supports the maintenance of magnet prices. The second is the introduction of new energy, energy-saving markets and new energy-saving vehicles. The invention and launch of new energy vehicles has brought a huge impact to the automotive industry. Therefore, technological innovation is also influencing the magnet market to a large extent.

 

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