Global Permanent Magnets Market: Rising Demand for Cheap Electricity to Bode Well for Market, Says TMR
The global permanent magnets market has a number of small manufacturers and a few medium sized manufacturers. The market is predominantly led by Chinese manufacturers. The industry faces scarcity of manufacturers as only a few companies worldwide are offering ferrite or alnico magnets. Many of the players in the permanent magnets market are signing long term contracts with buyers so as to enable a buffer from fluctuating magnet prices. As a result of this, customers have limited number of options...
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