New Plant Come Into Use

Our new factory plant in the manufacturing industrial park have come into use since Dec.17, 2021!
The facory is located in Liandong U valley industrial park, Yinzhou District, Ningbo, China. It is only 10 minutes driving from Ningbo Airport, this will make our customers’ visit more convenient and more efficient. we welcome your drop by and cooperation!

Why neodymium price change so much?
In 2011, the price of rare earth products had huge fluctuation, due to the influence of rare earth industry policy regulation, and government has strict control on the environmental pollution control, this results huge rising price of rare earth raw materials, at the beginning of 2011, the neodymium(Pr-Nd) price is is $47000/ton, but it come to $254000/ton in June 2011, price increased more than 5 times. Following are some price date in March, 2011.

In 2021, magnet raw materials price rising are mainly due to production capacity are affected by covid-19 and rare earth materials are nonrenewable resources, China has quota policy on the productions.

Generally, China take part of 63% of the world demand supply and another 37% demand were meet by overseas, both China and overseas productions were affected by covid-19, it results shortage on supply and prices increase again as demand exceeds supply.

At the beginning of 2021, the neodymium(Pr-Nd) price is $87000/ton, and it raised to $176000/ton in June, 2022, raw material price actually doubled and we find it that raw material prices are slowing rising and it is difficult to have too much down again.