China s magnet solar container reserves

How many rare earth magnets are produced in China?

China produces approximately 240,000 tons of rare earth permanent magnets in 2023, representing 85-90% of global supply and dwarfing production in Japan, US, and Europe. Rare earth magnets are crucial for defense systems, with applications in military platforms like F-35 fighters, Aegis destroyers, and advanced missile guidance technologies.

Why is rare earth permanent magnet manufacturing important in China?

With China being a global leader in rare earths mining and processing, the entire value chain has progressively shifted into the country, including rare earth permanent magnet manufacturing.

How did China control the global solar market?

The increased installed capacity, the heavy manufacturing, and the availability of materials on its domestic land allowed China to control the global solar market by imposing quotas and restrictions on importing countries. We have shown that China alone installed more than 50 % of the total Asian solar capacity in the span of 25 years.

Is a rare earth element supply chain policy a matter of national security?

As Rare Earth Exchanges has consistently called out, a rare earth element supply chain policy remains a matter of national security. China dominates global rare earth permanent magnet production, controlling 85-90% of NdFeB and SmCo magnet supply critical for defense, tech, and renewable industries.

Is solar energy a good investment in China?

Solar energy is the most common, cheapest, and most mature renewable energy technology. With solar photovoltaics taking over recently, an in-depth look into their supply chain shows a surprising dependency on the Chinese market from the raw materials to the assembled PVs.

How many tons of magnets does China produce in 2023?

The output was ~240,000 tons in 2023, and China’s capacity is still expanding. Dozens of Chinese firms produce magnets at scale, with top players such as JL Mag, Ningbo Yunsheng, and others each expanding their annual capacity to tens of thousands of tons.