NdFeB Magnet Sales

NdFeB Magnet Sales Market Outlook

The global NdFeB magnet sales market is poised for substantial growth, projected to reach approximately USD 30 billion by 2035, expanding at a compound annual growth rate (CAGR) of around 8.5% from 2025 to 2035. This growth can be attributed to the increasing demand for high-performance magnets in various sectors such as automotive, electronics, and renewable energy. The rising trend towards miniaturization of devices and components, coupled with the need for energy-efficient technologies, is driving manufacturers to adopt advanced magnet solutions, particularly those leveraging NdFeB technology. Furthermore, the ongoing advancements in manufacturing techniques are enhancing the performance and reducing the costs associated with NdFeB magnets, making them more accessible to a wider range of applications. Another significant factor contributing to market growth is the burgeoning electric vehicle industry, where NdFeB magnets play a critical role in the efficiency and performance of electric motors.

Growth Factor of the Market

Several factors are driving the growth of the NdFeB magnet sales market, particularly the increasing applications in electric vehicles (EVs). The demand for lightweight and compact electric motors in EVs has surged, and NdFeB magnets are known for their high magnetic strength and efficiency, making them an ideal choice for this sector. Additionally, the rising trend of renewable energy systems, such as wind turbines and solar panels, has also contributed significantly to the demand for NdFeB magnets, as their use enhances the efficiency of these systems. The growth in healthcare technology and medical devices, which require high-performance magnets for imaging and diagnostic equipment, further fuels the market. Moreover, the expanding consumer electronics market, which increasingly relies on powerful and compact components, continues to encourage the utilization of NdFeB magnets. Lastly, advancements in recycling techniques for rare earth materials are making the supply chain more sustainable, which is expected to positively impact market growth.

Key Highlights of the Market

• The market is expected to reach USD 30 billion by 2035, with a CAGR of 8.5%.
• Growth driven by electric vehicles and renewable energy applications.
• Increasing adoption of advanced manufacturing techniques enhances performance.
• Rising demand for high-performance magnets in consumer electronics.
• Advancements in recycling technologies improve supply chain sustainability.

By Product Type

Sintered NdFeB Magnets:

Sintered NdFeB magnets are among the most widely used types of NdFeB magnets due to their excellent magnetic properties and high resistance to demagnetization. These permanent magnets are produced through a sintering process that involves compaction and subsequent heating of a powdered mixture of neodymium, iron, and boron. The resulting magnets exhibit superior magnetic performance, making them ideal for applications in electric motors, generators, and various consumer electronics. The demand for sintered NdFeB magnets continues to grow as manufacturers seek lightweight and powerful solutions for high-performance applications. Furthermore, innovations in sintering techniques and material formulations are enhancing the properties of these magnets, driving their adoption across multiple sectors.

Bonded NdFeB Magnets:

Bonded NdFeB magnets are another significant segment within the NdFeB magnet market. These magnets are produced by bonding the NdFeB powder with a polymer or another adhesive. This method allows for greater design flexibility and can produce complex shapes that are not possible with sintered magnets. The bonded magnets typically feature lower magnetic strength compared to sintered magnets; however, their capacity to be molded into intricate designs makes them ideal for specific applications in the electronics and automotive industries. Their lightweight and corrosion-resistant properties further enhance their appeal, as manufacturers increasingly aim to create compact and durable products. The growth of the electronics sector, particularly in miniaturization trends, is expected to boost the demand for bonded NdFeB magnets in the coming years.

Hybrid NdFeB Magnets:

Hybrid NdFeB magnets represent a unique combination of sintered and bonded NdFeB magnet technologies. These magnets utilize both sintered NdFeB particles and a polymer bonding agent, resulting in a versatile product that can offer the best of both worlds. The hybrid approach provides enhanced mechanical strength and the ability to produce intricate shapes while retaining strong magnetic properties. This flexibility makes hybrid NdFeB magnets suitable for a wide range of applications, including automotive, aerospace, and industrial machinery. The increasing demand for lightweight and high-performance solutions across these sectors is likely to propel the growth of the hybrid NdFeB magnet market, with manufacturers emphasizing innovation and customization to cater to specific customer needs.

Thin Film NdFeB Magnets:

Thin film NdFeB magnets are characterized by their ultra-thin layers of magnetic materials, which offer unique properties and performance advantages. These magnets are particularly beneficial for applications in microelectronics and MEMS (Micro-Electro-Mechanical Systems) where space is at a premium. The ability to create magnets with precise dimensions and tailored magnetic properties makes thin film NdFeB magnets suitable for advanced technologies, including mobile devices, sensors, and actuators. The ongoing advancements in thin film deposition techniques are enabling better control over the magnetic properties, thus expanding their application scope. As the demand for miniaturized electronics continues to rise, the thin film NdFeB magnet market is expected to witness significant growth.

Nanostructured NdFeB Magnets:

Nanostructured NdFeB magnets represent a cutting-edge advancement in magnet technology. By utilizing nanocrystalline structures, these magnets achieve improved magnetic performance, including higher coercivity and energy product. The nanostructured form enhances the stability and durability of the magnets, making them suitable for high-temperature applications often found in automotive and aerospace industries. Researchers are continually exploring the potential of nanostructured NdFeB magnets in various applications that require exceptional performance in compact formats. As manufacturers increasingly prioritize advanced materials and technologies to meet stringent performance requirements, the nanostructured NdFeB magnet segment is likely to gain traction, driving innovation and growth within the market.

By Application

Automotive:

The automotive segment is one of the leading applications for NdFeB magnets, primarily driven by the growing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs). NdFeB magnets are critical components in electric motors, which require efficient, lightweight, and high-performance magnets to optimize energy consumption and performance. The shift toward electric mobility is increasing demand not only for larger electric motors but also for smaller components such as sensors and actuators, where NdFeB magnets are utilized. Furthermore, the global push for sustainable transportation and initiatives to reduce emissions are likely to propel the automotive sector's demand for NdFeB magnets in the coming years, reinforcing the importance of these materials in the industry's evolution.

Electronics:

The electronics industry is another significant contributor to the growth of the NdFeB magnet market. NdFeB magnets are integral to various electronic devices, including speakers, hard drives, and magnetic sensors, where they provide the necessary magnetic field for optimal performance. The trend towards miniaturization in electronics has led to an increased demand for compact and efficient magnetic solutions, particularly in smartphones, tablets, and wearable technology. As the consumer electronics market continues to thrive, driven by technological advancements and the increasing prevalence of smart devices, the demand for NdFeB magnets is expected to grow robustly, further fueling market expansion.

Energy Generation:

In the energy generation sector, NdFeB magnets are crucial for enhancing the efficiency of wind turbines and renewable energy technologies. Utilization of NdFeB magnets in turbine generators allows for more compact designs and improved power output, contributing to the overall effectiveness of renewable energy systems. As governments worldwide adopt policies to increase the share of renewable energy in their energy mix, the demand for high-performance magnets for energy generation applications will also rise. The growing investments in infrastructure for renewable energy systems, including solar and wind power, are likely to contribute to significant growth in the NdFeB magnet sales market within this segment.

Medical:

The medical sector represents a growing application area for NdFeB magnets, particularly in diagnostic imaging technologies such as Magnetic Resonance Imaging (MRI) and other diagnostic tools. NdFeB magnets are favored in medical devices due to their strong magnetic fields that enhance imaging quality and diagnostic accuracy. The ongoing advancements in medical technologies, along with the increasing demand for high-performance medical devices, are expected to drive the growth of NdFeB magnets in this sector. Additionally, as the global healthcare system continues to evolve with a focus on technological integration and patient-centric solutions, the utilization of NdFeB magnets is predicted to expand, presenting lucrative opportunities for market players.

Industrial:

In the industrial application segment, NdFeB magnets find extensive use in various machinery and equipment, including motors, generators, and magnetic separation systems. The industrial sector’s demand for high-efficiency magnetic solutions that can withstand high temperatures and harsh environments is propelling the growth of NdFeB magnets in applications such as automation, conveyor systems, and manufacturing processes. With the ongoing advancements in automation and a growing focus on improving operational efficiency, the demand for robust and reliable magnetic solutions is expected to increase. As industries continue to modernize and adopt more sophisticated technologies, NdFeB magnets are anticipated to play an integral role in enhancing productivity and performance.

By Distribution Channel

Online Stores:

The online distribution channel for NdFeB magnets has gained considerable traction in recent years, driven by the growing preference for e-commerce among consumers and businesses. Online platforms offer convenience, a wide range of products, and competitive pricing, making them a popular choice for purchasing NdFeB magnets. The digitization of the supply chain allows customers to easily compare products, read reviews, and access technical specifications, which enhances their purchasing experience. As more customers turn to online shopping, especially in the wake of the COVID-19 pandemic, the online distribution channel is expected to continue its growth, significantly impacting the NdFeB magnet sales market.

Specialty Stores:

Specialty stores focusing on magnets and magnetic materials serve as important distribution channels for NdFeB magnets, catering to niche markets and specialized applications. These stores offer personalized customer service, expert advice, and a curated selection of products that meet specific customer needs. Additionally, they often provide technical support and guidance on the appropriate use of NdFeB magnets in various applications. The existence of specialty stores helps in educating consumers about the benefits and applications of NdFeB magnets, thus facilitating informed purchasing decisions. As industries continue to seek tailored solutions, specialty stores are expected to play a vital role in the NdFeB magnet market.

Direct Sales:

Direct sales channels, where manufacturers sell their products straight to consumers or businesses, also play a significant role in the NdFeB magnet market. This approach allows manufacturers to establish closer relationships with their customers, enabling them to better understand customer needs and preferences. Direct sales can lead to improved customer satisfaction through personalized service, faster response times, and the potential for customization of products based on specific requirements. As companies focus on creating value-added services and fostering long-term relationships with customers, the direct sales model is likely to gain traction, benefiting the NdFeB magnet market.

Distributors:

Distributors act as intermediaries between manufacturers and end-users, providing extensive networks and logistical support to facilitate the efficient distribution of NdFeB magnets. They possess deep knowledge of the market dynamics and often have established relationships with a wide range of customers across various industries. Distributors simplify the purchasing process for customers, offering bundled products and solutions that cater to specific needs. Additionally, they provide essential services such as inventory management and technical support, enhancing customer experience. As the demand for NdFeB magnets continues to rise across multiple applications, the role of distributors in the supply chain will remain critical.

Wholesalers:

Wholesalers are essential players in the NdFeB magnet distribution landscape, purchasing large quantities of magnets from manufacturers and selling them to retailers or other businesses. This model allows wholesalers to benefit from economies of scale, enabling them to offer competitive pricing to their customers. The presence of wholesalers in the market ensures that a steady supply of NdFeB magnets is available to meet the demands of various sectors. Furthermore, wholesalers often provide essential services such as bulk purchasing options and logistics support, further enhancing their value proposition. As the market continues to expand, wholesalers will play a key role in ensuring the availability and accessibility of NdFeB magnets across different regions and applications.

By Region

Regionally, the NdFeB magnet sales market exhibits varied dynamics, with Asia Pacific leading the market share due to the presence of prominent manufacturing hubs and a rapidly growing consumer electronics sector. Countries like China, Japan, and South Korea are key contributors, leveraging their advanced manufacturing capabilities to meet both domestic and global demand. The Asia Pacific region is expected to witness a robust CAGR of approximately 9% from 2025 to 2035, driven by the increasing adoption of electric vehicles and renewable energy projects. Additionally, the rise in industrial automation and technological advancements in countries within this region further bolster the growth of the NdFeB magnet market.

North America and Europe are also significant markets for NdFeB magnets, driven by strong demand from the automotive and industrial sectors. In North America, the growth is primarily attributed to the increasing adoption of electric vehicles, while Europe is witnessing a similar trend as governments emphasize sustainability and renewable energy technologies. These regions are expected to capture substantial market shares, although the growth rates may be slightly lower compared to Asia Pacific. The increasing focus on research and development for advanced magnet technologies and the rising demand for energy-efficient solutions are anticipated to foster growth in these regions. As a result, the global NdFeB magnet market is poised for extensive expansion over the next decade.

Opportunities

The NdFeB magnet market presents considerable opportunities, particularly in the context of the accelerating shift towards electric vehicles (EVs) and renewable energy sources. As governments and industries globally intensify their commitment to reducing carbon emissions and enhancing energy efficiency, the demand for high-performance magnets in electric motors and generators is expected to surge. This trend is particularly beneficial for manufacturers of NdFeB magnets, who can capitalize on the increasing need for lightweight and efficient magnetic solutions in the rapidly growing electric vehicle market. Furthermore, as renewable energy technologies, including wind and solar, continue to proliferate, the utility of NdFeB magnets in these applications will expand, opening new avenues for market participants to explore. Companies investing in R&D to innovate and improve the performance of NdFeB magnets will find themselves well-positioned to benefit from these emerging opportunities in the evolving energy landscape.

Additionally, technological advancements in manufacturing processes for NdFeB magnets present further growth prospects. Innovations such as additive manufacturing and advanced recycling techniques are likely to enable the production of more complex, efficient, and sustainable magnet solutions. These advancements can lead to cost reductions and improved magnet performance, thus attracting a broader customer base across various sectors. The increasing focus on green technologies and sustainable practices will also spur demand for environmentally friendly production methods and materials in the NdFeB magnet market. Companies that prioritize sustainability and innovation in their manufacturing processes are poised to gain a competitive edge and capture a larger market share in the long run, making the NdFeB magnet market a fertile ground for growth and development.

Threats

Despite the promising growth opportunities in the NdFeB magnet market, several threats could hinder progress. One of the primary concerns is the fluctuating prices and unstable supply of rare earth materials, such as neodymium and dysprosium, which are essential for producing NdFeB magnets. Geopolitical tensions and trade restrictions can significantly impact the availability and pricing of these critical materials, posing a risk to manufacturers who rely on consistent supply chains. Additionally, the environmental impact of rare earth mineral extraction is under increased scrutiny, potentially leading to stricter regulations that could elevate production costs. Manufacturers must navigate these challenges while ensuring they maintain competitive pricing and supply reliability to sustain growth in the NdFeB magnet market.

Another potential threat to the NdFeB magnet market is the rising competition from alternative magnet technologies, such as ferrite and aluminum-nickel-cobalt (AlNiCo) magnets. While NdFeB magnets are known for their superior performance, the increasing development of low-cost alternatives presents a challenge to market leaders. The continuous advancement in the properties and applications of these alternative materials could attract customers seeking more economical solutions. Furthermore, as industries increasingly focus on reducing costs, the adoption of lower-performance magnets may pose a challenge to the NdFeB magnet market's growth prospects. To address these threats, manufacturers must innovate and improve their product offerings while emphasizing the unique advantages of NdFeB magnets to maintain their competitive position.

Competitor Outlook

• Hitachi Metals, Ltd.
• Neo Performance Materials, Inc.
• Magnet Applications, Inc.
• GKN PLC
• Shin-Etsu Chemical Co., Ltd.
• Arnold Magnetic Technologies Corporation
• VACUUMSCHMELZE GmbH & Co. KG
• Adams Magnetic Products Co.
• Samarium Cobalt Magnet Company
• Meridian Adhesives Group
• Texas Rare Earth Resources Corp.
• Yunsheng Company Limited
• TDK Corporation
• Baotou Steel Rare Earth Group Hi-Tech Co., Ltd.
• Daido Steel Co., Ltd.

The competitive landscape of the NdFeB magnet market is characterized by a mix of established industry leaders and emerging players, all vying for market share in a rapidly evolving environment. Major companies such as Hitachi Metals, Ltd. and Neo Performance Materials, Inc. dominate the market, leveraging their extensive experience and advanced manufacturing capabilities to deliver high-quality NdFeB magnets for diverse applications. These companies invest heavily in research and development to innovate and enhance their product offerings, ensuring they remain at the forefront of the industry. Furthermore, their vast distribution networks and strategic partnerships with end-users provide them with a competitive advantage in catering to the growing demand for NdFeB magnets across various sectors.

In addition to the established players, several smaller firms and new entrants are emerging in the NdFeB magnet market, focusing on niche applications or offering customized solutions to meet specific customer needs. For instance, companies like Magnet Applications, Inc. and Arnold Magnetic Technologies Corporation have carved out a presence by specializing in unique magnet formulations and manufacturing processes. These players often prioritize flexibility and rapid response times to customer demands, allowing them to adapt quickly to changing market conditions and preferences. The growing emphasis on sustainability within the industry has also prompted some companies to invest in green manufacturing practices and recycling initiatives, setting themselves apart in an increasingly eco-conscious market.

As the NdFeB magnet market continues to evolve, competition is likely to intensify, with firms not only striving to enhance their product offerings but also seeking to optimize their supply chains and engage in strategic collaborations. The demand for performance-driven and sustainable magnet solutions will drive further innovation, compelling companies to adapt to new market dynamics. The trajectory of the NdFeB magnet market will depend on how effectively companies can navigate these challenges while capitalizing on growth opportunities, ensuring they remain competitive in this vibrant landscape.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 GKN PLC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 TDK Corporation
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Hitachi Metals, Ltd.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Daido Steel Co., Ltd.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Meridian Adhesives Group
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Yunsheng Company Limited
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Magnet Applications, Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Adams Magnetic Products Co.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Shin-Etsu Chemical Co., Ltd.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 VACUUMSCHMELZE GmbH & Co. KG
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Samarium Cobalt Magnet Company
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Neo Performance Materials, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Texas Rare Earth Resources Corp.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Arnold Magnetic Technologies Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Baotou Steel Rare Earth Group Hi-Tech Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 NdFeB Magnet Sales Market, By Application
    • 6.1.1 Automotive
    • 6.1.2 Electronics
    • 6.1.3 Energy Generation
    • 6.1.4 Medical
    • 6.1.5 Industrial
  • 6.2 NdFeB Magnet Sales Market, By Product Type
    • 6.2.1 Sintered NdFeB Magnets
    • 6.2.2 Bonded NdFeB Magnets
    • 6.2.3 Hybrid NdFeB Magnets
    • 6.2.4 Thin Film NdFeB Magnets
    • 6.2.5 Nanostructured NdFeB Magnets
  • 6.3 NdFeB Magnet Sales Market, By Distribution Channel
    • 6.3.1 Online Stores
    • 6.3.2 Specialty Stores
    • 6.3.3 Direct Sales
    • 6.3.4 Distributors
    • 6.3.5 Wholesalers

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 NdFeB Magnet Sales Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global NdFeB Magnet Sales market is categorized based on

By Product Type

• Sintered NdFeB Magnets
• Bonded NdFeB Magnets
• Hybrid NdFeB Magnets
• Thin Film NdFeB Magnets
• Nanostructured NdFeB Magnets

By Application

• Automotive
• Electronics
• Energy Generation
• Medical
• Industrial

By Distribution Channel

• Online Stores
• Specialty Stores
• Direct Sales
• Distributors
• Wholesalers

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Hitachi Metals, Ltd.
• Neo Performance Materials, Inc.
• Magnet Applications, Inc.
• GKN PLC
• Shin-Etsu Chemical Co., Ltd.
• Arnold Magnetic Technologies Corporation
• VACUUMSCHMELZE GmbH & Co. KG
• Adams Magnetic Products Co.
• Samarium Cobalt Magnet Company
• Meridian Adhesives Group
• Texas Rare Earth Resources Corp.
• Yunsheng Company Limited
• TDK Corporation
• Baotou Steel Rare Earth Group Hi-Tech Co., Ltd.
• Daido Steel Co., Ltd.