As the core midstream material in the electronic information industry, magnetic materials have strong functionality, wide applications and broad market prospects. In the context of vigorously developing emerging industries, with the gradual maturity of emerging industrial technologies and the gradual expansion of the scale of the industry, magnetic materials will surely do a lot.
Ningbo Beilun Meank Magnetics Co., Ltd. is a manufacturer of magnetic materials, specializing in the research, production and processing of magnetic materials, magnetic tools, magnetic toys, pot magnets, permanent magnetic materials and so on. Beilun Meank is located in the hometown of neodymium-iron-boron magnets in Ningbo, and the quality of neodymium-iron-boron magnets produced is guaranteed.
The neodymium iron boron industry is in a long-term business cycle, and most of the downstream demand has strong rigidity. We can divide the downstream of neodymium-iron-boron into three types: miniaturization demand, energy saving demand and cross demand. Miniaturization demand is basically irreplaceable, energy saving demand is the strongest, and cross demand has a certain degree of substitutability, mainly depending on whether the product is low-end or high-end. Large-scale neodymium-iron-boron manufacturers can smoothly pass on the pressure of rising costs and achieve rapid sales revenue growth while maintaining gross profit margin. On the other hand, it is believed that the possibility of a sharp drop in rare earth prices is unlikely, and neodymium-iron-boron magnet companies are expected to enjoy higher gross profit for a long time and usher in a period of gold investment.
In terms of ferrite, from the perspective of supply and demand, the soft ferrite industry can basically achieve a balance between supply and demand, and the main growth is in the high-end field. The average compound growth rate of permanent ferrite production capacity is about 11%, and the growth rate of production capacity is slightly higher than the growth rate of demand. However, if the substitution effect after the price increase of neodymium-iron-boron is considered, permanent ferrite can basically maintain a balance between supply and demand in the next few years.
In summary, the emergence of neodymium-iron-boron magnets has brought different opportunities to the magnetic material industry.