Nowadays, in basic industrial products, magnets occupy various industries and have a wide range of uses. Everyone knows that NdFeB magnets are rapidly developing with excellent performance and reasonable prices. It is widely used in industries such as mobile phones, automobiles, petroleum, nuclear magnetic resonance, sensors, audio, magnetic suspension systems, magnetic transmission mechanisms and magnetic therapy equipment.

　　The use of NdFeB magnets in the mobile phone industry can play a large role. VCM, mobile phones and other electronic products are the main application markets of NdFeB magnets. Like TDK, it needs NdFeB to use nearly 4,000 tons a year. It is the world's largest mobile phone production base, and domestic mobile phone demand for high-performance NdFeB is also on the rise. In 2011, the domestic mobile phone production was 998 million units, corresponding to the demand for high-performance NdFeB magnets of about 2,500 tons.

　　Of course, the role of neodymium iron boron magnets in the new energy vehicle industry is also pivotal. As the environmental protection measures of countries around the world become more and more strict, new energy vehicles are receiving widespread attention due to their energy-saving and environmental protection characteristics. Relevant Chinese authorities began demonstration and promotion of new energy vehicles in some regions in 2009. Against this background, domestic hybrid vehicles have entered a stage of rapid development.

　　According to third-party estimates, during the 12th Five-Year Plan period, there will be more than 8 million new hybrid vehicles in China. According to the calculation of about 5KG high-performance NdFeB permanent magnet material for each hybrid car motor, by 2014, the demand for high-performance NdFeB in hybrid electric vehicles will reach 7500 tons.

　　With the continuous improvement of people's living standards, the application space of emerging NdFeB magnets will continue to expand. NdFeB magnets will be more integrated into our lives, which will bring us convenience, and the market share of NdFeB will continue to increase .