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Blog - Permanent Magnets

MP Materials Begins Production of Neodymium-Praseodymium Metal in Texas
MP Materials Begins Production of Neodymium-Praseodymium Metal in Texas
Jan 22, 2025
Eye 106

MP Materials begins neodymium-praseodymium metal production in Texas to strengthen the U.S. rare earth supply chain with the first fully integrated manufacturing site.
Japan's Import of Permanent Magnet Drops Significantly to $829M in 2023
Japan's Import of Permanent Magnet Drops Significantly to $829M in 2023
Sep 17, 2024
Eye 213

During the period analyzed, Permanent Magnet imports peaked at 19K tons in 2022 before slightly decreasing in the subsequent year. In terms of value, Permanent Magnet imports decreased to $829M in 2023.
Italy's Permanent Magnet Imports Plunge 27% to $209M in 2023
Italy's Permanent Magnet Imports Plunge 27% to $209M in 2023
Aug 15, 2024
Eye 162

In 2022, Permanent Magnet imports reached a peak of 20K tons before sharply declining the next year. The value of these imports also dropped significantly to $209M in 2023.
Japan's Import of Permanent Magnets Drops by 10% to $829M in 2023
Japan's Import of Permanent Magnets Drops by 10% to $829M in 2023
Jun 10, 2024
Eye 196

Permanent Magnet imports reached a peak in 2023 and are forecasted to continue growing steadily. In terms of value, imports of Permanent Magnets decreased to $829M in 2023.
Hong Kong Sees a Significant Decrease in Imports of Magnets, Dropping to $89M in 2023
Hong Kong Sees a Significant Decrease in Imports of Magnets, Dropping to $89M in 2023
May 6, 2024
Eye 211

Permanent Magnet imports peaked at 29K tons in 2014 but failed to regain momentum from 2015 to 2023. In value terms, imports rapidly shrank to $89M in 2023.
Mexico Sees a Significant Decrease in Magnet Imports, Falling to $28M in December 2023
Mexico Sees a Significant Decrease in Magnet Imports, Falling to $28M in December 2023
Mar 25, 2024
Eye 314

In September 2023, the growth rate of Permanent Magnet imports surged by 101% month-to-month. However, by December 2023, the value of these imports decreased to $28M.
Thailand's Import of Magnets Hits Low at $17M in November 2023
Thailand's Import of Magnets Hits Low at $17M in November 2023
Feb 19, 2024
Eye 369

The highest growth rate was observed in March 2023 with a 36% month-to-month increase in Permanent Magnet imports. The value of permanent magnet imports slightly decreased to $17M in November 2023.
The World's Best Import Markets for Permanent Magnets
The World's Best Import Markets for Permanent Magnets
Dec 18, 2023
Eye 583

Explore the top 10 import markets for permanent magnets, including key statistics and insights. Find out which countries dominate the global import market for these essential materials.
Poland's July 2023 Import of Permanent Magnets Shows Slight Reduction to $21M
Poland's July 2023 Import of Permanent Magnets Shows Slight Reduction to $21M
Oct 25, 2023
Eye 349

The growth rate in August 2022 was the fastest, with a month-to-month increase of 50%. In terms of value, imports of Permanent Magnets decreased to $21M in July 2023.
China's June 2023 Exports of Permanent Magnets Reach $373M, Demonstrating Slight Growth
China's June 2023 Exports of Permanent Magnets Reach $373M, Demonstrating Slight Growth
Sep 3, 2023
Eye 663

Exports of Permanent Magnets reached a value of $373M in June 2023.
Price of Magnets in Spain Drops Dramatically to $10.1 per kg
Price of Magnets in Spain Drops Dramatically to $10.1 per kg
Aug 2, 2023
Eye 432

In April 2023, the price of Permanent Magnet was $10,058 per ton (CIF, Spain), showing a significant decrease of -42.7% compared to the previous month.
Permanent Magnet Price in Italy Grows Slightly to $11.3 per kg
Permanent Magnet Price in Italy Grows Slightly to $11.3 per kg
Jul 3, 2023
Eye 591

In March 2023, the permanent magnet price stood at $11,273 per ton (CIF, Italy), remaining relatively unchanged against the previous month.
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