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Rare Earth Permanent Magnet Industry Entered A Period Of Adjustment

Looking back at 2006, the prices of raw materials is a challenge for all magnetic industry enterprises are facing. Especially NdFeB magnet production in the proportion of the total cost of production of raw materials for the 45% to 50%, the proportion of rare earth raw material costs accounted for up to 80%. 2006 Neodymium, praseodymium and neodymium mixed metal oxide, neodymium oxide, praseodymium neodymium prices hit a new high, almost doubled. Entered after 2007, raw material prices are still on the run up the price of the fast lane. In early rare earth neodymium oxide price of $ 160,000 to 17 yuan / ton, the rare earth praseodymium oxide are 15 to 16 yuan / ton, metal neodymium, praseodymium metal is 22 yuan / ton high. In May, the main rare earth products prices rose sharply a second. August, September, the highest price of rare earth, neodymium oxide, praseodymium oxide per ton price of up to about 220,000 to 26 million, or more than 50%. At the same time, enterprises are facing environmental pressures magnetics also unprecedented increase, with the entry into force of the EU ROHS directive, a large number of low-end products export business disruption, while in the domestic energy saving requirements, the progressive realization of the production process at first glance the green is also on the agenda, the industry has entered a difficult period of adjustment.

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