The rare earth permanent magnet material has a short industrial chain. The upstream is mainly some rare earth raw material suppliers and production equipment suppliers. The main production equipments include powder making machines, powder forming machines, quick-setting sheet furnaces, and hydrogen crushing furnaces. The middle reaches are permanent magnet material producers. The downstream of the industrial chain is mainly the consumer market and industrial products market, such as electronic components, home appliances, automobiles, communications, wind power and so on.
From the upstream of the industry, the distribution and supply distribution of global rare earth resources are very concentrated. Among them, China is a large country with rare earth resources reserves, and the proportion of rare earth reserves in the country has reached more than 50% of the world. At the same time, it is also a large country of rare earth production. Although the protection of rare earth resources has become stricter in recent years, in 2006-2016, the proportion of China's rare earth production in global rare earth production has remained above 83%. The huge reserves and production of rare earth resources will definitely drive the rapid development of the rare earth permanent magnet industry.
From the perspective of downstream application, the downstream plays a leading role in the development of rare earth permanent magnet industry. The broad domestic demand market has created favorable conditions for the development of rare earth permanent magnet industry in China. For example, the downstream application fields of high-performance NdFeB permanent magnet materials are mainly divided into two categories: one is traditional application fields, including VCM, consumer electronic products (mobile phones, optical disk drives, etc.), and its demand is relatively stable. The first category is in the field of new energy and energy conservation and environmental protection, mainly used in rare earth permanent magnet motors.
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