Baotou Hengyu Magnetic Source Technology Co has made progress with its rare earth NdFeB permanent magnet products now being exported globally, according to a July 28 Baotou Daily report.

Baotou Hengyu Magnetic Source Technology Co, located in the Baotou Rare Earth High-Tech Industrial Development Zone, mainly focuses on the R&D, processing, and sales of NdFeB materials, magnetic materials, metal materials, rare earth application products, and electronic products.

The NdFeB permanent magnet series developed and produced by the company is widely used in computers, mobile phones, aerospace, medical equipment, transportation, and other fields. More than 90 percent of the products are exported to Korea, Japan, the United States, Hong Kong, and Taiwan.

Technicians sort magnet products in a workshop located in Baotou Hengyu Magnetic Source Technology Co, July 28. [Photo/Baotou Daily]