According to the data released by China Rare Earth Industry Association, the output of rare earth neodymium magnets in China in 2019 was 180300 tons, an increase of 9.6% year on year, an increase of 4.6 percentage points compared with 2018. The rapid growth of neodymium rare earth permanent magnet materials in China benefited from the rapid increase of downstream electronic information manufacturing industry and other requirements.
At the same time, according to the data released by China Rare Earth Industry Association, the output of neodymium magnetic materials in China was 138000 tons in 2018, accounting for 87% of the global total output, nearly 10 times that of Japan, the second largest in the world. China is the world's largest producer of rare earth neodymium magnets.
Output statistics and growth standard of China rare earth neodymium magnet materials from 2014 to 2019
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