Development of NdFeB Magnet Industry in New Century Original Research Article

This year is 23rd anniversary of NdFeB magnet since its coming in 1983. Current situation of NdFeB magnet industry is not the same as five or ten years ago, not to say situation in 1983! Producing cost rising together with magnet price reducing made manufacturers in the developed countries rather difficult. Now global magnet industry is in a cross road, to which direction should it go?! In order to give a right answer one has to study the past developments of NdFeB magnet industry more deeply and precisely. As a saying “predict the future by reviewing the past”. Based on obtained data an analysis on NdFeB magnet industry and its future is given in present paper.