The production of NdFeB magnetic material in May was about 65 tons, compared with 80 tons in April, the chain fell by 19%, but slightly increased year-on-year. In the first five months

of this year, the output of NdFeB magnetic material was about 400 tons, a year-on-year increase of 30%.

Our NdFeB magnetic material has an annual production capacity of 1,800 tons. It is a high-tech enterprise integrating R&D, production and sales of permanent magnet materials and

their application products. The company has equipped a series of advanced equipment and instruments such as ICP spectrum splitter, performance tester, Haast test chamber, vacuum

quick-setting furnace, vacuum sintering furmace, airflow mill and automatic magnetic field press with the first-class standards of domestic and foreign industry. Production, testing, and

experimentation are maintained at a high level.

“The second quarter is the traditional off-season, so our orders for magnetic materials decreased in April and May, but they increased year-on-year. Our orders for magnetic

materials increased by 30% from January to May this year,”the source said. The price of the praseodymium and neodymium mixed metal rose to 390,000 yuan/ ton and

payment terms is Net 30 days, up 10,000 yuan / ton from a week ago. But he can buy from a fixed supplier at a lower price. The company’s most recent purchase of about 30

tons of praseodymium and neodymium was achieved last week at a price of 380,000 yuan / ton and payment terms is Net 30 days. The plant currently holds approximately 50

tons of inventory.