Rare earth permanent magnet material is an alloy composed of samarium, neodymium mixed rare earth metals and transition metals (such as cobalt, iron, etc.), pressed and sintered by powder metallurgy, and magnetized by a magnetic field. With the development of computer and communication industries, rare earth permanent magnet materials are the most comprehensive permanent magnet materials known now. Due to the miniaturization of rare earth permanent magnet devices, it has attracted great attention from the whole country. The performance of various rare earth permanent magnet materials has been close to or reached the international advanced level.
With the recent international economic and trade disputes, the United States has suppressed my country's corporate economy and raised my country's export trade tariffs unreasonably, which has seriously affected international trade law and the international trade of win-win cooperation between the two countries. in principle.
Market funds were once again ignited by rare earths, and the Shanghai and Shenzhen stock market indexes opened slightly lower, but the rare earth permanent magnet sector once again stepped out of an independent strong market. From the perspective of the disk, the rare earth permanent magnet index showed a strong upward trend, with the highest increase of more than 6.22%. Since May 17, the U.S. Department of Commerce announced that the Chinese company Huawei was included in the "Entity List", and Huawei was "blocked" by the U.S. government. Therefore, the Customs Tariff Commission of the State Council announced that starting from June 1, it will increase the tariff rate on imported goods from the United States. "Rare earth permanent magnets" are also included in this tax increase list.
On the issue of "whether rare earth permanent magnets are a bargaining chip against the United States", the People's Daily also published a commentary article saying, "In the global market, the consumption of new rare earth materials is growing rapidly, and the development of a large number of industries, whether military or civilian, is inseparable. Developing rare earth resources”, American companies have a particularly strong demand for rare earth oxide products. The U.S. wants to use products made of rare earths exported by China to curb and suppress the economic development of Chinese companies, and the Chinese people will never agree.