Ames: Limited substitutive effect of samarium iron nitride and cerium iron boron on neodymium iron boron under the background of high prices of praseodymium and neodymium.

Regarding the question of the possibility of replacing neodymium iron boron with samarium iron nitrogen and cerium iron boron under the backdrop of high prices for praseodymium and neodymium, Engitec stated during a market research session on October 30 that, in the context of high prices for praseodymium and neodymium, the substitution effects of samarium iron nitrogen and cerium iron boron on neodymium iron boron are limited. Downstream high-end applications have extremely strict requirements for magnetic material performance. In these key application scenarios, neodymium iron boron is still the irreplaceable core material due to its comprehensive performance advantages. Therefore, in the short term, the dominant pattern of neodymium iron boron in the high-performance application field will not undergo fundamental changes.