Global scramble for critical minerals fuelling protectionism
Protectionism is rising across 72 nations as governments vie for critical minerals, Verisk Maplecroft research shows.
Magnets are an integral part of many technologies and appliances in the 21st century.
From tiny fridge magnets that hold to-do lists to powerful ones that create magnetic fields for electricity generation from wind turbines, there are many different types of magnets.
The world’s strongest magnets, also known as rare earth magnets, are made by alloying certain rare earth elements with other materials.
But just how strong are rare earth magnets, and what makes them so powerful?
The above infographic uses data from First4Magnets to compare the strength of magnets. But before looking at the strongest magnets, it’s essential to understand how to measure magnetic strength.
The maximum energy product, measured in mega-gauss-oersteds (MGOe), is one of the primary indicators of magnetic strength. It is a multiplication of two measurements: a magnet’s remanence and its coercivity.
Each magnet has a grade, which typically denotes its strength. For example, a neodymium magnet of grade N42 has a strength of 42MGOe.
To put the power of two common rare earth magnet grades into perspective, here’s how their strength compares with common grades of other permanent magnets:
Neodymium and samarium—two of the 17 rare earth elements—are ferromagnetic, meaning that they have inherent magnetic properties and can be magnetized. These metals are first mined, refined, and then combined with materials like iron, boron, and/or cobalt to make the strongest magnetic alloys.
Neodymium magnets are typically composed of one-third neodymium, along with iron and boron. Some of the neodymium in magnets can be replaced with praseodymium, another rare earth material. For this reason, neodymium magnets are also known as NdPr magnets.
Due to their strength, neodymium magnets have found their way into various technologies, from phones and laptops to motors in electric vehicles. In fact, according to Adamas Intelligence, 90% of all EV motors use NdPr magnets. Because these magnets also offer relatively high strength for a smaller size, they are also the predominant choice for wind turbines, reducing turbine weight significantly.
Samarium-cobalt magnets exhibit exceptional resistance to extreme temperatures. These magnets can operate from temperatures as low as -270℃ up to 350℃ and are also highly resistant to corrosion. Consequently, they have important applications in harsh marine environments and technologies with high operating temperatures.
Global EV sales more than doubled last year, up from around 3 million cars in 2020 to 6.6 million in 2021. Similarly, renewable energy is expanding at a record pace, with capacity installations in 2022 set to break the record set the previous year.
With that in mind, it’s no surprise that the demand for rare earth magnets is expected to increase. Neodymium magnet consumption is forecasted to grow from more than 100,000 tonnes in 2020 to 300,000 tonnes by 2035, with EVs and wind turbines driving growth.
However, the supply chain of neodymium magnets remains a concern with China controlling the majority of rare earth extraction, refining, and downstream magnet production.
(This article first appeared in the Visual Capitalist Elements)
Comments
Georgina Mckenzy
Thank you for sharing how strong and rare earth magnets are in your post. My friend has a ref magnet customized design and would use this material. I think it’s cool to have this kind of material in our present time because it’s very relevant and helpful in many things we are using now.