The
reserves of China's rare earth account for about 23% of the total world
reserves. In 2012, the annual production volume of China's rare earth accounted
for over 85% of the total world production volume.
The
production volume of China's rare earth permanent magnet exceeded 80% of the
world one, becoming the world largest production base of rare earth permanent
magnet as well as the important application market of rare earth permanent
magnet.
According
to Huidian Research, China plans to achieve the goal that the carbonate dioxide
emissions per unit of GDP reduced by 40%-50% compared with 2005 by 2020.
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The rare
earth permanent magnet materials are not only widely used in the civil
products, such as clear energy automobiles, wind power generation,
energy-saving household applicators and industrial motors, but also the
important basic materials for the national defense cutting-edge technology
application, such as electric interference and confrontation, precision
guidance and positioning, aviation and aerospace etc.
According
to the indicators of the 12th-Five-Year Plan of the national Ministry of
Science and Technology, build more than 5 demonstration lines of the
high-magnetic energy product and high-coercivity sintering rare earth permanent
magnet with the production of more than 5,000 tons of magnets and comprehensive
magnetic property improved by 10%; save more than 20% of rare earth raw
materials; promote the technical and products levels of sintering rare earth
permanent magnet industry and spur the related application industries to create
the output value of more than CNY 100 billion.
But the
mainstream demand in the future market will concentrate on the high-property
neodymium-iron-boron permanent magnet materials. It is predicted that the
annual average growth rate will reach 35% in the future five years. The demand
for high-property neodymium-iron-boron permanent magnet materials will reach
about 120,000 tons in the market by 2017.
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