Recent developments of ndfeb in Japan
According to Japanese official data, the production of neodymium magnets in january-december 2018 increased by more than 5% from the previous year, or more than 14,000 tons.
Especially from the second half of the second quarter of 2018 to the first half of the fourth quarter, automotive and industrial machinery applications showed good momentum.
Japanese car production increased slightly in 2018, with sales of electric vehicles centered on HV cars unchanged from the previous year, but HV car production exceeded the previous year after the introduction of HV's new workhorse in the second quarter of 2018. In particular, good investment in equipment led to a 10% increase in the number of motors for industrial equipment, which contributed significantly to the increase in the consumption of neodymium magnets.
In addition, the material prices that rose in the third quarter of 2017 also showed a low and stable level from the fourth quarter to 2018, which played a positive role in the increase of magnet consumption.
This article belongs to the magnet industry news section, read more: http://www.couragemagnet.com/news/hyxw/