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Recent reports that China has begun issuing “general” export licenses for heavy rare earth (HREE) materials have been widely interpreted as a sign that the rare earth magnet market may soon normalize. While these developments are directionally positive, they should not be mistaken for a near-term solution to the backlog of blocked shipments, delayed orders,…
The permanent magnet industry is approaching a major regulatory shift, one that has been quietly building for years but may still be flying under the radar for many OEMs, engineers, and supply-chain teams. While the headlines have focused on the Trump Administration’s 2025 “Executive Tariffs,” another set of tariffs, the long-planned Section 301 increases, will…
The global market for samarium cobalt (SmCo) magnets is under exceptional pressure. A convergence of export controls, raw material restrictions, and cost volatility is reshaping how these high-performance magnets are sourced and priced. This update summarizes the current conditions influencing availability, outlines the outlook for the next year, and explains how Dura Magnetics is managing…
The global market for samarium cobalt (SmCo) magnets is under exceptional pressure. A convergence of export controls, raw material restrictions, and cost volatility is reshaping how these high-performance magnets are sourced and priced. This update summarizes the current conditions influencing availability, outlines the outlook for the next year, and explains how Dura Magnetics is managing…
Supply constraints and export policy shocks have sent cobalt costs higher, a trend that’s rippling through the magnet alloy market. This analysis examines the key drivers behind cobalt’s surge, including the Democratic Republic of Congo’s new quota system, producer output cuts, and critical feedstock bottlenecks, while exploring the direct implications for SmCo and AlNiCo magnet…
Background: The First Wave of Controls In April 2025, MOFCOM and the General Administration of Customs issued Announcement No. 18, placing export-license requirements on seven medium- and heavy-rare-earth elements: Samarium, Gadolinium, Terbium, Dysprosium, Lutetium, Scandium, and Yttrium, along with alloys, oxides, and magnets that contain them. While this was not a full export ban, the…
The rare earth magnet market is under extraordinary pressure, and the cause is not just tariffs. On April 4, 2025, China’s Ministry of Commerce (MOFCOM) issued new export restrictions (Announcement No. 18), requiring licenses for several key rare earth elements including samarium, dysprosium, terbium, and neodymium. While these are not outright bans, the licensing system…
Does your project require a custom DFARS-compliant neodymium-iron-boron solution? Defense Federal Acquisition Regulation Supplement (DFARS) neodymium material is a common requirement for magnetic components used in defense articles. It serves as a supply chain control to prevent Department of Defense contacted suppliers from sourcing sensitive materials from non-allied foreign nations which currently include China, North…
If you are in the electronics industry or manufacture electrical products, you may be aware of RoHS (Restriction of Hazardous Substances Directive), as it affects your ability to sell directly or indirectly to the European Economic Area (EEA). Likewise, Dura Magnetics is very familiar with supplying to customers that require RoHS Compliance for their magnet…
Why did rare earth magnet prices increase in 2021 and 2022? A variety of factors can affect rare earth magnet production costs causing price fluctuations. A combination of factors, including China’s climate-related policies, surging energy demands, and the COVID-19 pandemic, has created volatility in the production costs of rare earth magnets. The past several years…