China’s rare earth magnet exports hit record highs in 2014, demand expected to rise +50% in 2015
Posted on February 6, 2015 by Hongpo Shen
Sources from rare earth permanent magnet producers said that given their current orders from customers, many company’s rare earth permanent magnet sales volume in 2015 are expected to rise more than 50%.
Chinese market analysis institutional reported that the rare earth permanent magnet industry is expected to keep up their rapid growth over the next few years in the country.
The prices of rare earth elements in the country are soaring due to recently over a series intensive regulation and control on rare earths, such as dysprosium oxide rose more than 15%, and Terbium oxide rose more than 35%, the others also are rising. The market players are generally expected that a rising trend of rare earths in both price and demand will continue to climb, and a new round of price rising is just the beginning.
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