Rare Earth Magnet Market Trends, Share, Size, Growth, Forecast and Industry Report 2017-2022
Rare-earth magnets are strong permanent magnets made from the alloys of rare-earth elements and were developed in the 1970s and 1980s. Rare-earth elements are ferromagnetic in nature which can be magnetized like iron. Unlike, ferrite or alnico magnets, rare-earth magnets have comparatively higher magnetic field strength and magnetic stability. However, these magnets have a lower Curie temperature due to which they exhibit magnetism only at low temperatures. Therefore, in order to enhance their natural magnetic properties, rare-earth magnet compounds are...
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