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Adamas Intelligence: China’s exports of NdFeB permanent magnets up 11% in 2018

Adamas Intelligence reports that according to data from China Customs, China’s exports of NdFeB permanent magnets increased 11% in 2018. The nation exported NdFeB magnets to 104 countries in 2018, down from 109 the year prior.

The value of China’s NdFeB exports increased 14% and the sales-weighted average unit price increased 3%, from US $49.14 per kilogram to US $50.40 per kilogram.

China’s NdFeB permanent magnet production increased by 5% in 2018 while domestic NdFeB consumption increased by approximately 6%, keeping the market tightly balanced, as evidenced by price increases for all 31 NdFeB grades that Adamas covered in 2018 versus the year prior.

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