In 2023, The Market Output of Magnetic Material Industry Will Continue to Increase
Magnetic materials, also known as magnetic functional materials, usually refer to ferromagnetic materials, which are magnetically ordered materials with ferromagnetism or ferrimagnetism and practical application value. A fundamental difference between them and other materials is that they are sensitive to external magnetic fields. . Magnetic materials in a broad sense also include antiferromagnetic materials and other weakly magnetic materials that have practical or possible application value. According to the degree of difficulty of magnetization, it is generally divided into permanent magnetic materials and soft magnetic materials. Permanent magnetic material, also known as hard magnetic material or permanent magnetic material, refers to a magnetic material with high coercive force in magnetic flux density and magnetic polarization. It reaches saturation after magnetization, and it still has magnetism after removing the external magnetic field. Soft magnetic materials refer to magnetic materials with low coercive force and high magnetic permeability, easy to magnetize, and easy to demagnetize.
Rare earth materials include titanium alloys, rhenium, rare earth magnesium alloys, ferric oxide, etc. The upstream of magnetic materials is mainly the separation, mining and smelting of rare earth ores. Rare earth ores mainly exist in the form of minerals in the crust, and there are mainly three types: as The basic constituent elements of minerals, rare earths exist in the mineral lattice in the form of ionic compounds, constituting the essential components of minerals.
In 2023, The Market Output of Magnetic Material Industry Will Continue to Increase
As an important strategic resource, rare earths are under the control of national departments. The production, smelting and separation of rare earths are strictly controlled in China. In 2014, the Ministry of Industry and Information Technology began to integrate the national rare earth mines and smelting and separation enterprises in the form of a group. The supply is controlled by six major groups, namely China Northern Rare Earth Group, Aluminum Corporation of China, Xiamen Tungsten Industry Group, China Minmetals Group, Guangdong Rare Earth Group and China Southern Rare Earth Group; in 2021, they will be further integrated into the four major rare earth groups and begin to strictly implement the quota system. According to data, in 2021, the control index for rare earth mining in my country is 168,000 tons, a year-on-year increase of 20%; the total control index for smelting and separation is 162,000 tons, a year-on-year increase of 20%.
As an important strategic resource, rare earths are under the control of the national department. The production, smelting and separation of rare earths are strictly controlled in China. In 2014, the Ministry of Industry and Information Technology began to integrate the national rare earth mines and smelting and separation enterprises in the form of a group. The supply is controlled by six major groups. It is China Northern Rare Earth Group, Aluminum Corporation of China, Xiamen Tungsten Industry Group, China Minmetals Group, Guangdong Rare Earth Group and China Southern Rare Earth Group; in 2021, it will be further integrated into four major rare earth groups, and the quota system will be strictly enforced. The control index for rare earth mining in 2021 is 168,000 tons, a year-on-year increase of 20%, and the total control index for smelting and separation in 2021 is 162,000 tons, a year-on-year increase of 20%.
After 2011, China implemented dual controls on the supply and export of rare earths. The supply and demand of the rare earth market were both tight, so that the price continued to rise. Rare earths are the raw materials of magnetic materials, which are widely used in new energy electrical appliances, power communication equipment and military aerospace. In other fields, in order to meet the needs of downstream fields such as national defense, military and new energy electrical appliances, the United States, Myanmar and other countries have increased the mining of rare earth resources. China is the country with the largest distribution of rare earth production in the world. In 2021, China’s rare earth production will be 16.8 In 2021, the United States will produce 43,000 tons of rare earths, accounting for 15% of the world’s rare earth production. The global rare earth production is moving in the direction of diversification.
From 2017 to 2018, the export volume and export value of rare earth products are in a growing trend. However, due to the increase in the price of rare earth products in China and the escalation of Sino-US trade frictions in 2019, the export volume of rare earth products in 2019 decreased by 12.64% year-on-year, and the export value decreased year-on-year 10.57%. In 2020, due to the impact of the new crown pneumonia epidemic, the export volume and export value of rare earth products in 2020 will drop sharply. 48,900 tons, an increase of 38.14% year-on-year, and the export value was 4.22 billion yuan, an increase of 77.09% year-on-year.
The average export price of rare earths in China increased steadily from 55,000 yuan/ton in 2017 to 67,200 yuan/ton in 2020, and the average export price of rare earths increased rapidly to 86,300 yuan/ton in 2021, a year-on-year increase of 28.42%. 2023 Magnetic Material Industry
From the perspective of investment and financing mergers and acquisitions in the industry, the current trend of mergers and acquisitions in the industry is the horizontal merger and integration of small and medium-sized enterprises by large-scale enterprises. The enterprise scale and business scope of the acquirer are further expanding. is constantly improving. 2023 Magnetic Material Industry
Magnetic materials are widely used in the fields of new energy electrical appliances, power communication equipment and military aerospace, including motors, consumer electronics, generators, new energy sources, etc. At present, the magnetic material industry is in a stage of rapid growth. There are BYD, Gree Electric Appliances, ABB, Omron, etc. Taking new energy vehicles as an example, environmental protection issues have attracted more and more global attention. New energy vehicles have the advantages of low energy consumption and low environmental pollution and are more popular with the public. Therefore, new energy vehicles The automobile industry is rising rapidly. In 2021, the output of new energy vehicles will be 3.545 million, a year-on-year increase of 159.52%. 2023 Magnetic Material Industry
From the perspective of sales of new energy vehicles, sales of new energy vehicles have increased from 777,000 in 2017 to 3.521 million in 2021. In 2021, sales of new energy vehicles in China will be 3.521 million, a year-on-year increase of 157.57%.
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