In the past two years, the price of high-temperature resistant samarium cobalt magnets has been rising and rising again. Why do the prices of high-temperature resistant samarium cobalt magnets and many other magnets continue to rise instead of falling? In fact, this is mainly because our high-temperature resistant samarium cobalt magnets and other magnets require various rare earth elements in rare earths. These elements are indispensable in our conventional magnet production process, so the price of high-temperature resistant samarium cobalt magnets rises with the price of rare earths. The main reasons for the rise in rare earth prices are the following two points:

1. Europe, the United States and Japan are too dependent on China's rare earth mineral resources.

From some early news, Europe, the United States and Japan expressed dissatisfaction with my country's restrictions on the export of rare earth mineral resources. Recently, Europe, the United States and Japan have taken some actions to force my country to lift restrictions on rare earth mineral resources. This has once again escalated the rare earth war between China, the United States, Europe and Japan. Some time ago, the editor also published an article titled "The escalation of the rare earth war between China, the United States, Europe and Japan". China has been fighting against Europe, the United States and Japan alone for so long. It can show that my country attaches great importance to this industry.

2. My country's protection and rectification plan for rare earth, a non-renewable resource

In the past two years, China has been rectifying rare earths and the rare earth industry to enable the industry to develop sustainably for a longer period of time. This requires the closure of some small mines with backward technology and inadequate production capacity. At the same time, some companies are also integrated to make them more technologically advanced. Through these measures, the number of companies that open the wrong rare earth mines in the entire industry has been greatly reduced. Obviously, there are fewer companies supplying rare earth minerals, and the competition will not be as fierce as before, so the price will naturally rise. In fact, this is also a powerful means for my country to protect the rare earth mineral industry.