The Magnets Rubber Coated offer a unique advantage over other types of magnets due to their price stability. This makes them a great choice for applications where the cost of raw materials is highly volatile. Rubber coated magnets have a great holding force and are less affected by changes in raw material prices than Neodymium Iron Boron (NdFeB) magnets. They are also more resistant to corrosion, making them an ideal choice for industrial applications where durability is essential.
If you are tired of unexpected price fluctuation of NdFeB magnet and if you use magnets for holding purposes then you might want to consider rubber covered magnet. As Rubberized Magnets Are Less Effected by Raw Material Price Than NdFeB Magnet.
Neodymium Material Price Trends Year 2018-2023
Neodymium increased 15,000 CNY/T or 1.57% since the beginning of 2023. According to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.
Solution to relieve the impact of Neodymium raw material price change
Rubber coated magnet is a great solution to relieve the impact of raw material price change. We recommend our customers to switch from raw NdFeB magnets to rubber coated magnets for holding application.
In a Rubber Coated Magnet the NdFeB magnet is the main component. Especially in terms of producing the holding force but the size of it is smaller. As it is one of the features of these rubber coated magnets for sale to have the same force without that big magnet.
Besides, there are other materials to make NdFeB cost not that dominant.
From above we can gather that the percentage of NdFeB magnet cost in that of the whole rubber coated magnet is much less comparing with a complete piece of NdFeB magnet that can produce the same force.
Furthermore, China rubber coated magnets are more stabilized as long as its price is concerned. When the NdFeB price changes you will see a much smaller change in the price of a rubber coated magnet.
