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Domestic Rare Earth Permanent Magnet Materials Have Competitive Advantage

China's new materials industry must absorb in original innovation, integrated innovation and re-innovation digestion strengthen three areas in order to solve the problem of industrial development brought about by lack of innovation, to provide support and protection for the development of strategic new industries." CCID Consulting raw Industry Research Center analyst said.

Experts said that the raw materials and products innovation has put into large, long cycle characteristics, without long continued investment, it is difficult to develop a stable product. While domestic new materials in the field of scientific research institutes and related production enterprises mostly profit-oriented, it is difficult to tolerate long-term "investment only, not output" of the situation, therefore, difficult original innovation of new materials, to be prohibitive.

Rare earth permanent magnet materials research group noted that, despite the technological level and production costs, many domestic rare earth permanent magnet materials companies have sufficient competitive advantage, there is also evidence from the time of speaking and not infringe the patent Hitachi Metals, but because it did not apply patents, many customers cannot buy their products.

In addition, many of the key materials in China need to rely on imports, but rely on absorption and innovation, the performance of domestic materials is also rising, and some products have been sufficient to replace imported materials.

However, in the absence of success stories, even if the performance of domestic material has fully met the standard of imported products, there are a few companies willing to take risks for downstream users, small test pilot and then a new batch with domestic stuff? And for domestic new materials, promote the use of the final product is not, and how to know whether the performance fully meet the demands? thus reach in a dilemma.

Contact information
China Magnets Source Material Limited
Tower B, Qiongzhu Building,
Huawang Rd,Longhua District,
Shenzhen,China
Tel: +86 755 28174720
Fax: +86 755 28174720