NdFeB Export Data From Jan-Aug 2024

The export volume of NdFeB related products (quick-setting permanent magnet sheets, NdFeB magnetic powder, other NdFeB alloys, permanent magnets of rare earths and articles prepared for making permanent magnets after magnetization) increased by 4.27% (1,813,247 kilograms) from January to August 2024 year-on-year. Among them, quick-setting permanent magnet sheets decreased by 0.51% (9,383 kilograms), NdFeB magnetic powder decreased by 13.52% (392,403 kilograms), other NdFeB alloys decreased by 0.71% (1,494 kilograms), and rare-earth permanent magnets and articles magnetized and prepared to be made into permanent magnets increased by 5.94% (213,8643 kilograms). Year-on-year imports of last year's top Germany, Vietnam, Thailand, Mexico, India increased, the United States, Japan, South Korea, Finland and Poland's imports decreased. Australia remained unchanged from last year.

The following chart shows the year-on-year comparison of NdFeB related products from January to August 2024

In August, NdFeB magnetic powder increased by 19.37% (54,876 kilograms) year-on-year, and 21.96% (60,875 kilograms) sequentially, which is the first positive growth in this year. Magnetic powder is mainly made of bonded magnets, bonded magnets are mainly used in micro and small motors, and micro and small motors are generally used in energy-saving home appliances, automotive motors, intelligent robots, industrial automation and other fields.

August exports of other NdFeB alloys increased by 8.07% (1,491 kilograms) year-on-year and 17.93% (3,036 kilograms) year-on-year. There were decreases in Japan, South Korea, the United States and the Philippines, and increases in Germany, Mexico, Vietnam, India, France and the United Kingdom. The product generally refers to NdFeB blanks, so it can be known that the above countries have NdFeB finished product processing capacity.

In August, China's permanent magnets of rare earths and items prepared for permanent magnets after magnetization increased by 26.12% year-on-year (1,102,944 kilograms) and 0.9% year-on-year (47,486 kilograms). The top 20 countries in terms of total purchases this month were consistent with the previous month. Of these, 11 countries saw an increase in purchases and 9 countries saw a decrease. Germany and the U.S. remained the top two importers this month with small increases, but August's top 3-10 countries, excluding Italy, saw decreases. 11-20 countries saw increases, except for France and the Netherlands, which saw decreases in purchases.

Related magnet export presentations;

Figure of Rare Earth Exports in China by Month in the First Half of 2023

Top 3 Export Countries of Rare Earth Permanent Magnets from China, June 2024