With the advent of the global era of high oil prices, the entry into force of the Kyoto Protocol, and the increasing emphasis on environmental protection and energy conservation by countries around the world, environmental protection and energy conservation are becoming important factors affecting the development of manufacturing industries in various countries. Neodymium iron boron is one of the main raw materials for manufacturing environmentally friendly and energy-saving products. The application of neodymium iron boron in fields such as automobiles, compressors, and wind turbines is precisely based on environmental protection and energy conservation considerations. As a functional material for environmental protection and energy conservation, neodymium iron boron will be more widely used. The neodymium iron boron industry is becoming a new sunrise environmental protection industry.

We expect an average annual demand growth rate of around 20% for neodymium iron boron in the next 3-5 years. Its growth mainly comes from several fields: traditional automotive industry, information technology industry, nuclear magnetic resonance imaging industry, and machine tool industry.

In an era of increasing energy scarcity, converting wind energy into electricity will undoubtedly be supported by government policies. Wind power generation has been implemented on a large scale in Europe, but it is still in its early stages in China. Previously, 1 megawatt units used approximately 1 ton of neodymium iron boron. Thanks to the rapid growth of the wind power industry, the use of neodymium iron boron in wind turbines will also increase rapidly.