In the past two years, the price of high temperature resistant samarium cobalt magnets has risen and risen again. Why does the price of many magnets such as high temperature resistant samarium cobalt magnets continue to rise without falling? In fact, this is mainly because our high temperature resistant samarium cobalt magnets and other magnets need a variety of rare earth elements in the rare earth. These elements are essential in our conventional magnet production process, so the price of high temperature resistant samarium cobalt magnets rises with the price of rare earth. The reason for the rise in rare earth prices is mainly the following two points:

1. Europe, America and Japan are too dependent on China's rare earth mineral resources.

From some of the earliest news, Europe, America and Japan expressed dissatisfaction with my country's restrictions on the export of rare earth mineral resources. Recently, Europe, America and Japan have taken some actions to force China to lift restrictions on rare earth mineral resources. This has led to another escalation of the rare earth war between China, the United States, Europe and Japan. Some time ago, the editor also published an article entitled "Re-escalation of the" Rare Earth War "between China, Europe, the United States and Japan. China has single-handedly resisted Europe, the United States and Japan for so long. It can show that our country attaches great importance to this industry.

2. China's Protection of Rare Earth, a Non-renewable Resource, and Its Rectification Plan

In the past two years, China has been rectifying rare earth and its rare earth industry, so that the industry can develop sustainably for a longer time. It is essential to shut down some small minerals that are backward in technology and cannot keep up with production capacity. At the same time, it also integrates some companies to make them have better technology. Through these measures, the number of companies that make mistakes in rare earth minerals in the whole industry has been greatly reduced. Obviously, there are fewer companies supplying rare earth minerals, competition will not be as fierce as before, and prices will naturally rise. In fact, this is also a powerful means to protect the rare earth mineral industry in China.