what make neodymium price increasing ?

The two departments put forward the goal of improving the energy efficiency of motors. The demand for magnetic materials will exceed expectations. The Financial Association Industry Frontier Today
The Ministry of Industry and Information Technology and the State Administration of Market Supervision issued the “Motor Energy Efficiency Improvement Plan (2021-2023)” and proposed that by 2023, the annual output of high-efficiency and energy-saving motors will reach 170 million kilowatts, and the proportion of high-efficiency and energy-saving motors in service will reach more than 20%.

Guide enterprises to implement updates and upgrades of key energy-consuming equipment such as motors, give priority to high-efficiency and energy-saving motors, and accelerate the elimination of backward and low-efficiency motors that do not meet the requirements of current national energy efficiency standards. Increase the application of high-efficiency and energy-saving motors. Subdivided load characteristics and different working conditions, for general equipment such as fans, water pumps, compressors, machine tools, etc., encourage the use of motors with level 2 energy efficiency and above.

In view of variable load operating conditions, promote variable-frequency speed-regulated permanent magnet motors with level 2 energy efficiency and above. For transmission systems using gearboxes and couplers, low-speed direct-drive and high-speed direct-drive permanent magnet motors are encouraged. Vigorously develop permanent magnet external rotor electric drum, integrated screw compressor and other motor and load equipment structure integration design technology and products.

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