SEONG-AN MATERIALS

NdFeB Permanent Magnet functions as a crucial component within a range of industrial products, and with its demand in EV-related sectors anticipated to keep increasing as the shift from internal combustion engine vehicles to electric vehicles gains momentum.

Automotive industry stands as the primary driver of permanent magnet demand. Presently, around 30% of the total automotive sector is constituted by permanent magnets integrated into EV motor systems. The anticipated shift in market shares between internal combustion engine cars and electric vehicles is projected to occur around 2026

SEONG-AN envisions a strategic operation wherein rare earth materials (NdPr Oxide) sourced from Western nations like the United States to be received. These materials will undergo processing into metallization process (NdPr Metal) at Seong-An’s Metal Plant. Subsequently, the transformed materials will be utilized in-house, specifically at Seong-An’s Magnet Plant, for the production of NdFeB Permanent Magnets. These magnets are slated to cater to a diverse array of industries, including electric vehicles (EVs), wind power generators, MRI machines, electric ships, drones, and various home appliance manufacturers.

SEONG-AN holds the pinnacle of permanent magnet manufacturing technology and expertise, supported by a team of leading experts.

SEONG-AN has successfully established secure supply lines for NdPr raw materials, notably through the collaboration with MP Materials in the U.S. Furthermore, SEONG-AN’s Metal Plant solidifies the self-sustained NdPr metal supply chain, a critical element in the permanent magnet manufacturing process.

Engagements are underway for potential joint ventures with prominent conglomerates from the U.S., Europe, and India. These discussions are poised to strengthen collaboration and technology sharing.

In the global context, the demand for permanent magnets is a linchpin in the reconfiguration of the worldwide supply chain, particularly in Western economies. Our strategic focus on permanent magnets positions us advantageously in securing robust sales channels for the times ahead.

NdFeB Permanent Magnet

NdFeB PERMANENT MAGNET

CURRENT MARKET

NdFeB PERMANENT MAGNET MANUFACTURING PLAN

NdFeB PERMANENT MAGNET MANUFACTURING

COMPETITIVE FACTORS

NdFeB Sintered Magnet Manufacturing Process

KEY APPLICABLE AREAS