Neodymium iron boron has the characteristics of small volume, light weight, and strong magnetism, making it the most cost-effective magnet to date. It is expected that there will be no alternative magnetic materials to neodymium iron boron in the next 20-30 years. The main raw materials for producing neodymium iron boron permanent magnet materials include metal neodymium, pure iron, boron iron alloy, and other additives.

The core technology of the neodymium iron boron industry is mainly reflected in the manufacturing process, specifically in the uniformity, consistency, processing quality, coating quality, and other aspects of its products.

The neodymium iron boron industry is a highly patented industry, and only after obtaining a patent license and paying a patent fee can individual magnets or components equipped with magnets be sold in the patent area. The neodymium iron boron patent is a patent package, although the main patent is nearing expiration, there are still many auxiliary patents that have not yet reached their protection period and can still be protected for several years. The manufacturing, sales, and use of neodymium iron boron magnets in China do not involve any patent issues, but without obtaining a patent license, their products cannot be exported to the patent coverage area, otherwise it constitutes infringement.