Permanent magnet cost is rising on August

Post time: 2014-09-11 16:15:03

On August 4th , 2014 NdFeB Magnet cost is rising. Because the stockpile and stock price of Praseodymium -Neodymium Oxide has been fixed.
The stockpile of Praseodymium-Neodymium Oxide is 4000tons; Amount is 311,800 CNY (USD51000)per ton x 4000Tons. On August 8, cost of Praseodymium-Neodymium Oxide Metal is 395,000-398,000 CNY per Ton (USD65840-66340 per ton).
The price of NdFeB Magnet should not be down within several months. We suggest customers who have magnet demand before Oct.2014 to arrange magnet order with Supplier.
Euke MagTech Ltd is recognized as one of leading permanent magnet, and we are professional at producing NdFeB and SmCo Magnet. If you need magnet, please contact us at  or  
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