China Rare Earth Permanent Magnet
Industry Report, 2011-2012
May 2012
STUDY GOAL AND OBJECTIVES
METHODOLOGY
This report provides the industry executives with strategically significant
Both primary and secondary research methodologies were used
competitor information, analysis, insight and projection on the
in preparing this study. Initially, a comprehensive and exhaustive
competitive pattern and key companies in the industry, crucial to the
search of the literature on this industry was conducted. These
development and implementation of effective business, marketing and
sources included related books and journals, trade literature,
R&D programs.
marketing literature, other product/promotional literature, annual
reports, security analyst reports, and other publications.
REPORT OBJECTIVES
Subsequently, telephone interviews or email correspondence
 To establish a comprehensive, factual, annually updated and cost-
was conducted with marketing executives etc. Other sources
effective information base on market size, competition patterns,
included related magazines, academics, and consulting
market segments, goals and strategies of the leading players in the
companies.
market, reviews and forecasts.
 To assist potential market entrants in evaluating prospective
acquisition and joint venture candidates.
 To complement the organizations’ internal competitor information
INFORMATION SOURCES
The primary information sources include China Customs and
USGS etc.
gathering efforts with strategic analysis, data interpretation and
insight.
 To suggest for concerned investors in line with the current
development of this industry as well as the development tendency.
 To help company to succeed in a competitive market, and
Copyright 2012 ResearchInChina
understand the size and growth rate of any opportunity.
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Abstract
In 2011, driven by the skyrocketing market prices of major rare earth
In 2011, Under the price hiking of rare earth raw materials, major
raw materials such as praseodymium and neodymium, NdFeB
NdFeB manufacturers represented by Beijing Zhong Ke San Huan
material price soared accordingly, in particular, N35 Sintered NdFeB
Hi-Tech Co.,Ltd., Ningbo Yunsheng (Group) Co., Ltd. and Yantai
in China once touched historical high of RMB628/kg in mid-July,
Zhenghai Magnetic Material Co., Ltd. (ZHmag) showed strong
which, in spite of a downward mobility in the second half year, still
bargaining power by successfully transferring the cost pressure to
towered over the level at the outset of the year.
downstream clients, thus achieving performance enhancement by a
large margin.
Against such backdrop, the investment has increased substantially
in Chinese NdFeB industry; apart from the traditional Ningbo, Shanxi
Revenue and Growth Rate of Major NdFeB Magnet Material
Manufacturers in China, 2011
and Beijing-Tianjin regions, Baotou, Ganzhou and other key
production areas of rare earth also have witnessed rapid growth in
NdFeB capacity, with the scale of industry capacity reaching
300,000 tons, while a majority of new capacity projects still have not
been put into production. In 2011, China’s NdFeB output reached
83,000 tons, nearly the same as that in previous year, and still giving
priority to sintered NdFeB products.
Copyright 2012ResearchInChina
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Beijing Zhong Ke San Huan Hi-Tech Co.,Ltd. is the largest NdFeB
material manufacturer in China, with total capacity of sintered
NdFeB and bonded NdFeB up to 12,000 tons in 2011. Currently,
the company is committed to capacity expansion of highperformance NdFeB materials in new energy vehicles, energyefficient appliances, wind power generation, etc.. Once the three
high-performance NdFeB production projects in Beijing, Tianjin and
Ningbo are completed, its comprehensive productivity will be
18,000 tons.
As one of China’s uppermost high-performance NdFeB material
suppliers, ZHmag enjoys a stronger competitive edge in markets
like high-performance NdFeB materials for wind turbines, inverter
air-conditioners, etc.. In 2011, the IPO raised funds were primarily
thrown into two high-performance NdFeB material capacity
expansion projects, which, once fulfilled, would raise ZHmag’s
NdFeB capacity to 5,500 tons from the present 3,500 tons.
Copyright 2012ResearchInChina
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Table of contents
1. Overview of Rare Earth Permanent Magnet Industry
1.1 Definition of Permanent-Magnet Material
1.2 Classification of Permanent-Magnet Material
1.2.1 Metallic Permanent Magnet Materials
1.2.2 Ferrite Permanent Magnet Materials
1.2.3 Rare Earth Permanent Magnet Materials
1.3 Application Fields of Rare Earth Permanent Magnet
Materials
1.3.1 Sm-Co Permanent Magnet Materials
1.3.2 Nd-Fe-B Permanent Magnet Materials
2. Supply of Rare Earth
2.1 Global Rare Earth Industry Development
2.1.1 Global Rare Earth Reserves Distribution
2.1.2 Development of Rare Earth Mining Overseas
2.2 Rare Earth Industry Development in China
2.2.1 Reserves and Distribution
2.2.2 Rare Earth Ore Production
2.2.3 Rare Earth Smelting and Separation
3. Development of Rare Earth Permanent Magnet
Material Industry in China
3.1 Supply
3.2 Demand
3.3 Export & Import
3.4 Price
3.4.1 Prices of Rare Earth Materials
3.4.2 Prices of NdFeB Magnet Materials
4. Demands in Segmented Market
4.1 Sintered NdFeB
4.1.1 Wind Power Generation
4.1.2 New energy vehicles
4.1.3 Energy-saving Air-conditioning
4.1.4 Energy-saving Elevator
4.1.5 EPS
4.2 Bonded NdFeB
5.5.3 Revenue Structure
5.6 Taiyuan Twin-Tower Aluminum Oxide Inc.
5.6.1 Profile
5.6.2 Operation
5.6.3 Revenue Structure
5.7 Advanced Technology & Materials Co., Ltd (AT
&M)
5.7.1 Profile
5.7.2 Operation
5.7.3 NdFeB Magnet Business
5. Key Enterprises
5.8 Inner Mongolia Baotou Steel Rare Earth (Group)
5.1 Hitachi Metals
Hi-tech Co., Ltd.
5.1.1 Profile
5.8.1 Profile
5.1.2 Operation
5.8.2 Operation
5.1.3 Development in China
5.8.3 Revenue Structure
5.2 TDK
5.8.4 NdFeB Magnet Business
5.2.1 Profile
5.9 Sinosteel Anhui Tianyuan Technology Co., Ltd.
5.2.2 Operation
5.10 Yantai Zhenghai Magnetic Material Co., Ltd.
5.3 Shin-Etsu Chemical
(Zhmag)
5.3.1 Profile
5.11 Chengdu Galaxy Magnets Company Limited
5.3.2 Operation
5.12 Jiangxi JLMAG Rare-earth Co., Ltd.
5.4 Beijing Zhong Ke San Huan Hi-tech Co., Ltd
5.13 Tianjin Tianhe Magnetic Material Group
5.4.1 Profile
5.14 Yantai Shougang Magnetic Materials Inc.
5.4.2 Operation
(YSM)
5.4.3 Revenue Structure
5.15 Ningbo Permanent Magnetics Co., Ltd.
5.4.4 Investment Planning
5.16 Sino Magnetics Technology Co., Ltd.
5.5 Ningbo Yunsheng
5.17 Ningbo Heli (Beiao) Magnetech Co., Ltd.
5.5.1 Profile
5.5.2 Operation
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Classification of Permanent Magnet Materials
Rare Earth Ore Classification
Global Rare Earth Reserves Distribution, 2010
Reserves and Development Stage of Main Rare Earth Mines Overseas, 2010
Capacity of Main Rare Earth Mines Overseas, 2012E-2015E
Distribution of Rare Earth Resources in China
Content of Rare Earth Element of Major Rare Earth Deposits in China
Output of Rare Earth Ore in China, 2007-2012E
Capacities of Major Rare Earth Mining Enterprises of China, 2011
Output of Rare Earth Smelting and Separation Products of China, 2007-2012E
The First Batch of Rare Earth Enterprises Approved by the Ministry of Environmental Protection
Sintered NdFeB Output of China, 2005-2012E
Bonded NdFeB Output of China, 2005-2012E
Sintered NdFeB Capacity of Key Enterprises in China, 2011
Bonded NdFeB Capacity of Key Enterprises in China, 2011
Rare Earth Permanent Apparent Consumption in China, 2006-2011
Export Volume of Rare Earth Permanent Material of China, 2006-2012
Export Amount of Rare Earth Permanent Material of China, 2006-2012
Import Volume of Rare Earth Permanent Material of China, 2006-2012
Import Amount of Rare Earth Permanent Material of China, 2006-2012
Expiration Timetable of NdFeB Prescription Patentss, 2003-2014
Spot Market Price of Pr Oxide of China, 2007-2012
Spot Market Price of Nd Oxide of China, 2007-2012
Spot Market Price of Dy Oxide of China, 2007-2012
Spot Market Price of Tb Oxide of China, 2007-2012
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Spot Market Price of Pr Metal of China, 2007-2012
Spot Market Price of Nd Metal of China, 2007-2012
Spot Market Price of Dy Metal of China, 2007-2012
Spot Market Price of Tb Metal of China, 2007-2012
Market Price of Rough sintered NdFeB (N35) in China, 2009-2012
Market Price of Rough sintered NdFeB Products, 2012
Market Size of NdFeB for Wind Generator in China, 2008-2015E
Market Size of NdFeB for Electric Vehicle in China, 2011-2020E
Market Size of NdFeB for Frequency Conversion Air-Condition, 2010-2015E
Market Size of NdFeB for Energy-saving Elevator, 2008-2014E
Market Size of NdFeB for EPS, 2008-2014E
Market Size of Bonded NdFeB Worldwide, 2008-2013E
Target Markets of Hitachi
Business Structure of Hitachi
Net Sales and Net Income of Hitachi Metals, FY2007-FY2011
Net Sales Share of Hitachi Metals by Business Segment, FY2009-FY2011
Production Capacity of Ningbo Newland Magnetics Co., Ltd.
Export Revenue Structure of Ningbo Newland Magnetics Co., Ltd. by Region, 2011
TDK’s Core Technologies and 15 Business Sectors
Net Sales and Net Income of TDK, FY2008-FY2012
Net Sales Share of TDK by Business Segment, FY2010-FY2012
Main Products of Shin-Etsu Chemical
Net Sales and Net Income of Shin-Etsu Chemical, FY2008-FY2012
Net Sales Share of Shin-Etsu Chemical by Business Segment, FY2010-FY2012
Revenue & Net Income of Zhong Ke San Huan, 2007-2011
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Revenue and Gross Margin of Magnetic Material Business of Zhong Ke San Huan, 2009-2011
Revenue of Zhong Ke San Huan by Product, 2009-2011
Revenue Structure of Zhong Ke San Huan by Region, 2009-2011
Revenue & Net Income of Ningbo Yunsheng, 2007-2011
Revenue and Gross Margin of NdFeB Magnet Business of Ningbo Yunsheng, 2007-2011
Revenue of Ningbo Yunsheng by Product, 2009-2011
Revenue Structure of Ningbo Yunsheng by Region, 2009-2011
Revenue & Net Income of Taiyuan Twin-Tower Aluminum Oxide Inc., 2007-2011
Revenue and Gross Margin of NdFeB Magnet Business of Taiyuan Twin-Tower Aluminum Oxide Inc., 2007-2011
Revenue of Taiyuan Twin-Tower Aluminum Oxide Inc. by Product, 2009-2011
Revenue Structure of Taiyuan Twin-Tower Aluminum Oxide Inc by Region, 2009-2011
Revenue & Net Income of AT &M, 2007-2011
Revenue and Net Income of HighMag Technology(Shenzhen), Ltd., 2007-2011
Revenue and Net Income of Inner Mongolia Baotou Steel Rare Earth (Group) Hi-tech Co., Ltd., 2007-2011
Revenue and Gross Margin of Inner Mongolia Baotou Steel Rare Earth (Group) Hi-tech Co., Ltd. by Product, 2011
Revenue Structure of Inner Mongolia Baotou Steel Rare Earth (Group) Hi-tech Co., Ltd. by Region, 2009-2011
Revenue and Net Income of Sinosteel Anhui Tianyuan Technology Co., Ltd., 2007-2011
Revenue of Sinosteel Anhui Tianyuan Technology Co., Ltd. by Product, 2009-2011
Revenue and Net Income of Tongli Magnetic Material Co., Ltd., 2007-2011
Production Capacity of Yantai Zhenghai Magnetic Material Co., Ltd., 2008-2014
Revenue and Net Income of Yantai Zhenghai Magnetic Material Co., Ltd., 2008-2011
Top 5 Customers s of Yantai Zhenghai Magnetic Material Co., Ltd., 2011
Top 5 Suppliers of Yantai Zhenghai Magnetic Material Co., Ltd., 2011
Fundraising Projects of Yantai Zhenghai Magnetic Material Co., Ltd. by Region，2011
Revenue and Net Income of Chengdu Galaxy Magnets Company Limited, 2008-2012
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Selected Charts
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Revenue of Chengdu Galaxy Magnets Company Limited by Product, 2007-2011
Revenue Structure of Chengdu Galaxy Magnets Company Limited by Region, 2009-2011
Top 5 Customers s of Chengdu Galaxy Magnets Company Limited, 2011
Top 5 Suppliers of Chengdu Galaxy Magnets Company Limited, 2011
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