China ndfeb permanent magnet material rapid development of the main factors

1.China is rich in rare earth resources.

 China rare earth reserves account for 80% of the world total reserves. Comrade deng xiaoping said that :the Middle East has oil, China has rare earth.and the rich rare earth resources have created a lower cost of raw materials.

2.State policy support. 

The Chinese government has made the development of new rare earth materials a priority.

3.The level of manufacturing technology and professional equipment continues to improve, and gradually shorten the distance between the manufacturing power