NdFeB Permanent Magnet

NdFeB Permanent Magnet

The value chain of rare earth metals consists of mining, concentrate production, Rare Earth Elements Separation,

Metallization (NdPr metal processing), NdFeB Permanent Magnet Manufacturing, and end users.




Mining

&

 Rare Earth Concentrate

Production




Rare Earth

(NdPr)

 Element

Separation




NdPr

Metallization



NdFeB Permanent Magnet

Manufacturing


End Users

Electric Vehicle,

Wind Turbine

Consumer Goods

Others



SEONG-AN's Business Area

NdFeB PERMANENT MAGNET

SEONG-AN strives to be the Pioneer of NdFeB Permanent Magnet in the New Global Rare Earth Value Chain

Rare Earth Permanent Magnets (NdFeB Permanent Magnets) play a pivotal role as essential components within a diverse range of industrial products. Notably, their demand is projected to surge further within the electric vehicle sector, coinciding with the ongoing shift from traditional internal combustion engine automobiles to electric mobility.


60

Nd

Neodymium



26

Fe

Iron



5

B

Boron


CURRENT MARKET

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


Source: expertmarketresearch.com


NdFeB PERMANENT MAGNET MANUFACTURING PLAN


2025 3rd Quarter
Trial & Commissioning Begins


SEONG-AN's Business Area

NdFeB PERMANENT MAGNET MANUFACTURING

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.


COMPETITIVE FACTORS

  • 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 Sintered Magnet Manufacturing Process

1. Alloy production

2. Hydrotreating

3. Lubricant mixing

4. Fine Pulverization

5. Magnetic Field Press

6. Sintering/aging treatment

7. Cutting

8. Grain Boundary Diffusion: HRE Spray Coating

9. Grain Boundary Diffusion: Heat Treatment

10. Surface Treatment: Grinder

11. Plating: Ni Plating, Epoxy Plating

KEY APPLICABLE AREAS

NdFeB Permanent Magnets hold pivotal importance as components for electric vehicles, wind turbines, and various other applications. 

Electric Vehicle
Wind Turbine
Medical Industry
Air Craft
Elevator
Satellite
Refrigerator
Drone
Smart Phone