Overseas orders have surged, and the export situation for NdFeB magnets is looking favorable.

Recently, China's NdFeB (Neodymium-Iron-Boron) magnet export market has continued to heat up, with a sharp year-on-year increase in overseas orders and export revenue reaching a record high, indicating a robust and positive trend in the industry's export situation.

Customs data shows that in the first quarter of 2025, China's NdFeB magnet exports reached 32,000 metric tons, a 42% year-on-year increase, while export revenue surpassed $2.8 billion, up by 51% year-on-year. Exports to Europe and North America rose by 45% and 38%, respectively, with high-performance magnets for new energy vehicles accounting for 40% of total exports, becoming the core driver of export growth.

The surge in overseas orders is attributed to the booming global green industry. As countries accelerate their carbon neutrality efforts, demand for high-performance NdFeB magnets has skyrocketed in sectors such as new energy vehicles, wind power generation, and industrial robotics. International automakers like Tesla and Volkswagen have expanded their electric vehicle production capacities, driving a more than 60% year-on-year increase in orders for Chinese magnet manufacturers. Meanwhile, a surge in wind power installations in Europe has pushed up exports of magnets for wind turbines by 55% year-on-year.

Chinese companies' technological breakthroughs and cost advantages have been key to securing overseas orders. Leading domestic firms have achieved mass production of heavy rare earth-free magnets, with key indicators such as magnetic energy product reaching international leading levels. Their products have passed stringent certifications like the EU's REACH regulation. Additionally, leveraging a vertically integrated supply chain anchored in rare earth resource hubs, Chinese companies offer products at 15%-20% lower costs than their Japanese and South Korean counterparts, giving them a strong competitive edge in the international market.

Currently, many magnet manufacturers have overseas orders scheduled through the third quarter, with some urgently expanding production to meet demand. Industry insiders state that as the global new energy sector continues to expand, NdFeB magnet exports are expected to maintain high growth. However, risks such as raw material price volatility and trade barriers must be monitored, and further consolidation of export advantages should be pursued through technological innovation and overseas plant construction.