JL MAG is the world`s largest and first CO2-neutral producer of sintered neodymium-iron-boron (NdFeB) magnets with its headquarters in Ganzhou, China. The start of huge volume demanding projects for the electrification of automobiles has increased demand for NdFeB magnets, which has resulted in an almost doubling of annual revenue at JL MAG. For this reason, further production plants in Baotou and Ningbo in China were built, and a plant in Monterrey, Mexico, is coming in 2024.
As a leading magnet supplier, JL MAG is listening to market requirements and provides technical solutions for enabling products, reducing critical materials, and pushing down costs for customers. JL MAG`s newest development is localised coercivity control in sintered NdFeB magnets, which is expected to be a game-changer in efforts to reduce reliance on heavy rare earth elements.
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