China Neodymium Magnets Price Rise Again Rapidly 20170925

China Neodymium Magnets Price Rise Again Rapidly 20170925

On 4th September, Northern Rare Earth published listing price as follows.
Lanthanum oxide, RMB15500/ton, rising by RMB280
Cerium oxide, RMB1550/ton, rising by RMB3500
Praseodymium neodymium oxide, RMB520, 000/ton, rising by RMB100, 000
Neodymium oxide, RMB400, 000/ton, rising by RMB100, 000
Metal praseodymium neodymium, RMB665, 000/ton, rising by RMB130, 000
Metal neodymium, RMB640, 000/ton, rising by RMB130, 000

Insiders said that adjustment on price by Northern Rare Earth conformed China market price trend. Initially, due to sharp rise of price of praseodymium neodymium, most merchants stayed on the sideline, which resulted in price decline, however, currently, price published by Northern Rare Earth again strengths market confidence, which indicates that price of praseodymium neodymium will keep continuous increase later.

According to industrial research, there is huge supply shortage of praseodymium neodymium (there was shortage of 3000 tons last year and may be 8200 tons this year), which, to some extent, reflects unbalance between supply and demand. Supply of upstream supply of rare earth is less than demand of end use. Since price went down in 2010, rare earth industry has been continuously destocking for making up shortfall. Destocking was over in 2016 and price of praseodymium neodymium began bottom out. Rare earth industry has long industrial chain. There are 8 participations in this industry from upstream to downstream including traders, so when price of praseodymium neodymium begins to rises, each participation need to increase stock of one month and there will be new demand of 4-5 months. It is a huge shortage in rare earth industry.

Some permanent magnet manufacturers in China  have to stop production because they cannot get raw material. Also, price of neodymium magnets from downstream begins to go up rapidly, which indicates that not only praseodymium neodymium is in industry, but also neodymium.

It is known that Model 3 of Tesla will adopt permanent magnet synchronous motors, which plays an important role in market of neodymium NdFeB magnets becoming the third essential upstream raw material of new energy automobile. Commonly, it takes 3-5 months to prepare raw material in neodymium industry, which benefits manufacturers by price rising and appreciation of stock. Also, China rare earth permanent magnet will become main stream of new energy cars and there is optimistic anticipation of sale of Tesla Model 3.

Tags: neodymium magnets price, China magnet, permanent magnet, magnet manufacturer, NdFeB magnets

Production of maglev vehicle in China 20170911

Production of maglev vehicle in China 20170911

CHINA RAILWAY CONSTRUCTION (hereinafter referred to as the "China Railway") is going to build a maglev production line in Changsha for rail construction and locomotive production. In the mean time, a supporting maglev experimental line running at speeds of 320 km/hour will be completed in June 2018. By then, China's most advanced and fully self-developed maglev track test line and production line will bring a new atmosphere for the development of China's maglev locomotive industry.

Reportedly, China’s Shanghai Maglev Demonstration Line is the world's only commercial high-speed maglev train line, and is currently one of the 4 operating commercial maglev train lines. The other 3 are medium and low speed systems which include Japan's eastern Linimo line, Korea’s Inchon airport maglev line, and China’s Changsha maglev express line. Although China has been in the forefront of Maglev research in the world, the number of China’s maglev production lines is inadequate. At present, the only 2 maglev locomotive production lines in China are respectively owned by Zhuzhou Electric Locomotive Ltd (hereinafter referred to as the "Zhuzhou motor") and Tangshan Zhongche Locomotive Vehicle Co Ltd (hereinafter referred to as the "Tangshan locomotive").

"When the construction is completed, it will become China's third maglev production line and the first maglev track production lines." said by chief expert of China Railway Construction Group (hereinafter referred to as the "railway construction"). He also pointed out that although railway construction is new to the production line construction in the field of maglev locomotive, if the future track production matches locomotive production, the above mentioned production line will be able to render 120 km more orbit and 60 more locomotives when it is completed.

When mentioning the advantages of low speed maglev transportation, the general design director of Changsha maglev line, the fourth survey and design institute of China railway construction showed us some calculations: the average cost of the low-speed maglev system is only about 1/3-1/2 of the cost of subway. In addition to the price advantage, he said, the mid and low speed maglev also has the advantages of small curve radius, strong climbing ability and little noise pollution.

Compared to Metro, light rail, new tram and other major urban rail transportation modes, maglev rail transportation has certain technical and economic advantages too. For example, in the densely built-up areas, maglev can greatly reduce the cost of other projects, such as relocation, thus renders the total cost of construction lower than other modes of transportation."

The trial operation of Beijing Metro S1 line (medium and low speed maglev track line) will open by the end of 2017, and more than ten large and medium cities such as Tianjin, Wuhan, Chengdu and Guangzhou are also planning maglev projects. By 2020, China is expected to finish more than 5 intermediate and low speed maglev commercial operation lines.

China Rare Earth Magnet Limited manufactures permanent motor magnets and neodymium magnets for maglev projects. If you have such demand, welcome to contact us!

Tags: China Maglev, China Magnet