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The worldwide increase in the price of NdFeb magnets, particularly rare earth magnets (like neodymium, samarium-cobalt, etc.), is driven by a combination of supply constraints, rising global demand, and geopolitical risks. Here’s a breakdown of the key reasons: 🔧 1. Supply Constraints 🚗 2. Skyrocketing Demand 🌍 3. Geopolitical Tensions• Western countries are trying to…
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Rare earth magnets Rare earth magnets, primarily composed of neodymium-iron-boron (NdFeB) and samarium-cobalt (SmCo), are known for their exceptional strength and versatility. Here are some key applications across various fields: Electronics and Electrical Devices– Hard Disk Drives (HDDs): Used in the read/write heads for data storage devices.– Smartphones and Tablets: Utilized in speakers, microphones, and…
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