The Global Cerium Magnet Market was valued at USD 523 Million in 2025 and is projected to reach USD 939 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period (2025–2034). This robust growth is being fueled by the global push for electrification, the critical need for supply chain diversification in rare earth elements, and the accelerating adoption of cost-effective magnetic solutions across the automotive, industrial, and consumer electronics sectors.

As industries worldwide pivot towards sustainable and efficient technologies, the focus intensifies on the material innovators who are enabling this transition. In this blog, we profile the Top 10 Companies in the Cerium Magnet Industry—a specialized group of material science leaders and rare earth experts who are redefining permanent magnet technology for a new era of manufacturing.

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🔟 1. Advanced Technology & Materials Co., Ltd. (AT&M)

Headquarters: Beijing, China
Key Offering: Sintered Cerium Magnets, Bonded Magnets, High-Performance NdFeB Variants

AT&M is a pioneering force in advanced materials and a leading producer of cerium-substituted neodymium-iron-boron (NdFeB) magnets. As a subsidiary of the state-owned China Iron & Steel Research Institute Group, the company leverages deep research capabilities to optimize magnet chemistries for performance and cost. Its cerium magnets are critical components in a wide array of applications, from energy-efficient motors to consumer electronics.

Innovation Initiatives:

• Pioneering R&D in high-ceiling cerium content magnet formulations

• Strategic partnerships with automotive OEMs for electric vehicle motor applications

• Focus on vertical integration to ensure stable rare earth supply

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9️⃣ 2. Zhong Ke San Huan (ZKS)

Headquarters: Beijing, China
Key Offering: Sintered NdFeB Magnets, Cerium-Enhanced Grades, Custom Magnetic Solutions

Zhong Ke San Huan, affiliated with the Chinese Academy of Sciences, is one of the world’s largest manufacturers of high-performance rare earth permanent magnets. The company is at the forefront of developing cerium magnet technologies, focusing on achieving a balance between magnetic strength, thermal stability, and cost-effectiveness. Its products are essential for high-growth sectors like new energy vehicles and industrial automation.

Innovation Initiatives:

• Advanced R&D focused on mitigating performance loss with cerium substitution

• Expansion of production capacity for cost-competitive magnet grades

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8️⃣ 3. Ningbo Funeng New Material

Headquarters: Ningbo, Zhejiang, China
Key Offering: Cerium Magnets for Motors, Acoustic Devices, Precision Instruments

Ningbo Funeng New Material specializes in the research, development, and production of sintered NdFeB permanent magnets, with a strong focus on cerium-based variants. The company serves a global clientele, providing tailored magnetic solutions that meet specific performance and budgetary requirements, particularly in the booming consumer electronics and micro-motor markets.

Innovation Initiatives:

• Development of application-specific cerium magnet grades

• Investment in automated production lines for consistent quality and scale

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7️⃣ 4. ZheJiang ZhongKe Magnetic

Headquarters: Jiaxing, Zhejiang, China
Key Offering: Sintered NdFeB Magnets, Cerium-Doped Magnets, Magnetic Assemblies

ZheJiang ZhongKe Magnetic is a key player in the cerium magnet landscape, known for its robust manufacturing capabilities and technical expertise. The company produces a wide range of magnet grades, including those optimized with cerium to reduce reliance on praseodymium and neodymium, catering to cost-sensitive yet performance-driven applications.

Innovation Initiatives:

• Focus on improving the coercivity and thermal stability of cerium magnets

• Expansion into emerging markets for electric bicycles and home appliances

Download FREE Sample Report: Cerium Magnet Market – View in Detailed Research Report

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6️⃣ 5. Zhenghai Magnetic

Headquarters: Dongyang, Zhejiang, China
Key Offering: NdFeB Permanent Magnets, Cerium Magnet Alloys, Customized Magnetic Products

Zhenghai Magnetic is a specialized manufacturer with a significant footprint in the permanent magnet industry. The company has developed considerable expertise in producing cerium magnets that offer a compelling alternative to traditional NdFeB magnets, enabling customers to achieve cost savings without substantial performance compromises in moderate application environments.

Innovation Initiatives:

• Optimization of sintering processes for cerium magnet production

• Strong focus on quality control and meeting international standards

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5️⃣ 6. Shandong Shangda Rare Earth Material

Headquarters: Linyi, Shandong, China
Key Offering: Rare Earth Metals, Cerium Magnet Materials, NdFeB Powders

Shandong Shangda Rare Earth Material plays a crucial role in the cerium magnet supply chain, focusing on the upstream production of rare earth materials and magnet precursors. Its strategic position allows it to supply high-quality raw materials essential for manufacturing cerium-substituted magnets, contributing to the overall stability and cost-competitiveness of the market.

Innovation Initiatives:

• Investment in rare earth separation and purification technologies

• Development of specialized cerium-rich alloy compositions for magnet makers

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4️⃣ 7. Ningbo Tongchuang Strong Magnet Material

Headquarters: Ningbo, Zhejiang, China
Key Offering: Sintered NdFeB Magnets, Bonded Magnets, Cerium-Based Magnetic Products

Ningbo Tongchuang Strong Magnet Material is a dynamic manufacturer focused on producing a diverse portfolio of permanent magnets. The company has actively integrated cerium into its product lines to offer economically viable solutions for a broad spectrum of industrial and electronic applications, supporting the global trend towards supply chain diversification.

Innovation Initiatives:

• Adaptation of production techniques for efficient cerium magnet fabrication

• Targeted development for the industrial motor and sensor markets

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3️⃣ 8. Hitachi Metals, Ltd. (Neomax)

Headquarters: Tokyo, Japan
Key Offering: Neomax® NdFeB Magnets, Advanced Rare Earth Magnet Alloys

Hitachi Metals, through its Neomax brand, is a global leader in high-performance sintered NdFeB magnets. While renowned for its premium magnets, the company is also engaged in research to incorporate cerium and other abundant rare earths into its formulations. This strategic R&D aims to develop next-generation magnets that maintain high performance while mitigating cost and supply risks associated with critical rare earths.

Innovation Initiatives:

• Fundamental research on the microstructures of cerium-containing magnets

• Collaboration with academic institutions and industry partners on material science

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2️⃣ 9. TDK Corporation

Headquarters: Tokyo, Japan
Key Offering: Ferrite Magnets, Neodymium Magnets, Specialized Magnetic Components

TDK Corporation is a global electronics giant with a long history in magnetic technology. The company’s expertise spans various magnet types, and it actively explores material innovations, including cerium-based solutions, to enhance the performance and sustainability of its components. TDK’s focus is on integrating advanced magnets into its vast portfolio of electronic devices and power solutions.

Innovation Initiatives:

• Application-driven development of magnetic materials for miniaturization and efficiency

• Emphasis on materials that support the company’s sustainability goals

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1️⃣ 10. Arnold Magnetic Technologies

Headquarters: Rochester, New York, USA
Key Offering: Precision Permanent Magnets, Samarium Cobalt, Alnico, Custom Magnetic Assemblies

Arnold Magnetic Technologies is a leading Western manufacturer of high-performance permanent magnets and assemblies. While historically focused on samarium cobalt and alnico magnets, the company monitors and engages with developments in NdFeB technologies, including the potential of cerium substitution. Its strength lies in providing engineered solutions for demanding applications in aerospace, defense, and medical technologies.

Innovation Initiatives:

• Expertise in manufacturing magnets for extreme environments

• Exploring new material combinations to meet evolving customer needs

Get Full Report Here: Cerium Magnet Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cerium Magnets Is Smarter and More Sustainable

The cerium magnet market is undergoing a significant transformation. While traditional neodymium-based magnets still dominate high-performance applications, the industry is investing heavily in material innovation, supply chain resilience, and cost optimization through cerium integration.

📈 Key Trends Shaping the Market:

• Rapid expansion of cerium magnet adoption in EV auxiliary motors and e-bikes

• Strategic push by governments and industries to diversify rare earth supply chains

• Continuous R&D to close the performance gap between cerium and premium NdFeB magnets

• Growing emphasis on circular economy and recycling of rare earth magnets

Get Full Report Here: Cerium Magnet Market – View in Detailed Research Report

The companies listed above are not only supplying critical components for modern technology—they are pioneering the resource-efficient future of advanced materials.