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Neodymium Raw Material PtNd Price tendency 2017-10-25
Neodymium Raw Material PtNd Price tendency 2017-10-25
Why the neodymium magnet raw material PtNd increase so quickly in year of 2017 ?
(1) Supply reducing.
- China government implemented “Purchasing and Storage Mechanism” policy for Rare Earth materials since November 2016.
- China Environmental Protection Department continuously strikes “Black” Rare Earth mines and supervises legal mines more strictly.
- Because of above factors, many raw materials middle-men holds their spot materials in hands and are waiting for price increase.
- Due to the quick development of HEV(Hybrid Electric Vehicle), the consumption of Rare Earth magnets is increasing, the forecast of increase to 2020 will be 10% minimum each year.
- Raw materials middle-men want to hold more materials in hands.
- Magnet Manufacturers are also facing very high pressure from the quick increasing situation and 100% in advance payment terms in this special period .
Again, We apologize for all the inconveniences that may have been caused and Super Magnet Co.,Ltd hope to work closely with you to go through the current difficult condition together. If you are interesting about the updated price due to raw material situation , please feel free to contact us any time.
Best Regards ,
SP Magnet Team
2017-10-25
Chernice.li