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 fueled by the urgent need to optimize the use of rare-earth elements, the surging demand for cost-effective permanent magnets in electrification, and significant technological advancements that enhance the performance of cerium-substituted magnet alloys.

As industries worldwide push for greater supply chain resilience and cost efficiency, the focus intensifies on the key material suppliers driving innovation in magnet technology. In this blog, we profile the Top 10 Companies in the Cerium Magnet Industry—a dynamic group of advanced material specialists and rare-earth innovators shaping the future of electric motors, consumer electronics, and industrial automation.

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

Headquarters: Beijing, China
Key Offering: Sintered Ce-Fe-B Magnets, Bonded Magnets, High-Coercivity Cerium Magnet Alloys

AT&M is a leading advanced materials company in China, recognized for its extensive R&D and production capabilities in rare-earth functional materials. The company is a pioneer in developing high-performance cerium magnets, focusing on optimizing the magnetic properties and thermal stability of Ce-substituted NdFeB alloys. Its products are critical components in energy-saving motors, new energy vehicles, and automated industrial equipment.

Innovation Initiatives:

• Leading R&D in high-abundance rare-earth magnet technology

• Strategic partnerships with automotive and consumer electronics OEMs

• Committed to achieving sustainable and cost-competitive magnet production

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9️⃣ 2. Zhong Ke San Huan (ZKS)

Headquarters: Beijing, China
Key Offering: Sintered NdFeB Magnets, Cerium-based Magnet Products, Custom Magnetic Solutions

Zhong Ke San Huan is one of the world’s largest manufacturers of high-performance rare-earth permanent magnets. The company has a strong focus on the research and application of cerium magnets, developing solutions that effectively balance performance with cost. Its extensive product portfolio serves a wide range of industries, from information technology and industrial automation to new energy and automotive sectors.

Innovation Initiatives:

• Extensive patent portfolio for cerium magnet compositions and processes

• Collaboration with research institutions to push the boundaries of magnet performance

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8️⃣ 3. Ningbo Funeng New Material

Headquarters: Ningbo, Zhejiang, China
Key Offering: Cerium Magnets for Motors, Speakers, and Sensors

Ningbo Funeng New Material specializes in the production and development of cerium-based permanent magnets. The company has established itself as a key supplier for cost-sensitive applications, providing reliable magnetic solutions for electric bicycle motors, consumer electronics, and various industrial drives. Their expertise lies in tailoring magnet properties to meet specific customer requirements for performance and price.

Innovation Initiatives:

• Focus on high-volume production for consumer and industrial markets

• Continuous improvement in manufacturing efficiency and cost reduction

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7️⃣ 4. ZheJiang ZhongKe Magnetic

Headquarters: Jinhua, Zhejiang, China
Key Offering: Sintered Cerium Magnets, Radial Ring Magnets, Custom Magnetic Assemblies

ZheJiang ZhongKe Magnetic is a prominent manufacturer focused on the production of sintered rare-earth magnets, with a significant emphasis on cerium-containing formulations. The company serves a global clientele, providing magnets for applications such as servo motors, wind power generators, and medical devices. Their strength lies in their ability to produce magnets with consistent quality and tailored magnetic characteristics.

Innovation Initiatives:

• Investment in automated production lines for enhanced quality control

• Development of magnets with improved corrosion resistance

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6️⃣ 5. Zhenghai Magnetic

Headquarters: Ningbo, Zhejiang, China
Key Offering: NdFeB Magnets, Cerium-Substituted Magnets, Magnetic Assemblies

Zhenghai Magnetic is a well-established producer of permanent magnets with a growing portfolio of cerium magnet products. The company leverages its extensive manufacturing experience to produce magnets that meet the evolving demands for cost-efficiency and performance. Their products are integral to applications in automotive components, home appliances, and acoustic devices.

Innovation Initiatives:

• Expansion of production capacity for cerium magnet grades

• Focus on supplying the burgeoning electric vehicle ancillary market

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Cerium Magnet Market – View in Detailed Research Report

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5️⃣ 6. Shandong Shangda Rare Earth Material

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

Shandong Shangda operates across the rare-earth value chain, from raw material processing to the production of magnet alloys. This vertical integration provides the company with a unique advantage in sourcing and cost-control for cerium magnet production. They supply key materials to magnet manufacturers and also produce finished magnet products for various industrial applications.

Innovation Initiatives:

• Vertical integration from rare earth separation to magnet production

• R&D focused on optimizing the cost-performance ratio of cerium magnets

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4️⃣ 7. Ningbo Tongchuang Strong Magnet Material

Headquarters: Ningbo, Zhejiang, China
Key Offering: High-Performance Sintered Magnets, Cerium Magnets for Automotive Applications

Ningbo Tongchuang Strong Magnet Material specializes in the manufacturing of sintered NdFeB magnets, with a dedicated focus on developing grades that incorporate cerium. The company caters to demanding applications that require a careful balance of magnetic strength, temperature stability, and cost. Their products are used in automotive sensors, efficient motors, and precision instruments.

Innovation Initiatives:

• Specialization in magnets for automotive and high-temperature applications

• Implementation of stringent quality management systems

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3️⃣ 8. GanZhou Chenguang Rare Earths

Headquarters: Ganzhou, Jiangxi, China
Key Offering: Rare Earth Oxides, Cerium Magnet Precursors, Custom Alloys

As a significant player in the rare earth mining and processing sector, GanZhou Chenguang provides essential raw materials for the cerium magnet industry. Located in a key rare-earth mining region, the company supplies high-purity cerium and other rare earth elements crucial for magnet production. Their role is foundational to the supply chain, enabling downstream manufacturers to produce cost-effective magnetic solutions.

Innovation Initiatives:

• Development of high-purity rare earth materials tailored for magnet production

• Exploration of sustainable mining and processing techniques

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2️⃣ 9. Yantai Zhenghai Magnetic

Headquarters: Yantai, Shandong, China
Key Offering: Broad Range of Permanent Magnets, including Cerium-based Grades

Yantai Zhenghai Magnetic is a diversified magnet manufacturer with a strong presence in both domestic and international markets. The company produces a wide array of permanent magnets and has been actively integrating cerium into its product lines to offer more economical alternatives. Their expertise covers the entire process from powder metallurgy to magnetizing and assembly.

Innovation Initiatives:

• Diversification of product portfolio to include advanced cerium magnet solutions

• Focus on export markets and international quality standards

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1️⃣ 10. Beijing Zhongbei Rare Earth

Headquarters: Beijing, China
Key Offering: Rare Earth Materials, Research-grade Cerium Magnets, Specialty Alloys

Beijing Zhongbei Rare Earth is engaged in the research, development, and production of rare-earth materials. The company plays a critical role in advancing cerium magnet technology through fundamental research and the production of specialized alloys. They often collaborate with academic institutions and leading manufacturers to pioneer new magnet compositions with improved properties.

Innovation Initiatives:

• Strong focus on fundamental R&D for next-generation magnet materials

• Collaborations with universities and national research labs

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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 segments, the industry is investing heavily in material innovation and supply chain optimization to make cerium magnets a viable and sustainable alternative for a broader range of applications.

📈 Key Trends Shaping the Market:

• Accelerated R&D to close the performance gap with premium NdFeB magnets

• Strategic push by governments and industries to diversify rare-earth sourcing and enhance material security

• Growing adoption in mid-range performance applications like electric bicycles, industrial motors, and consumer electronics

• Advancements in recycling technologies to create a circular economy for rare-earth magnets

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

The companies listed above are not only supplying critical materials for modern technology—they’re pioneering the efficient and resilient use of global resources.