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 (2024–2034). This robust growth is fueled by the global push for electrification, the strategic need to diversify rare-earth supply chains away from critical elements like neodymium, and the expanding adoption of cerium-substituted magnets in cost-sensitive, high-volume applications such as electric vehicle motors and consumer electronics.

As industries worldwide seek to balance performance with cost-effectiveness, the focus turns to the specialized manufacturers pioneering the development and production of cerium magnets. In this blog, we profile the Top 10 Companies in the Cerium Magnet Industry—a group of material science innovators and manufacturing leaders who are redefining the future of permanent magnet technology.

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

Headquarters: Beijing, China
Key Offering: Sintered Cerium-containing NdFeB Magnets, Bonded Magnets

AT&M is a leading advanced materials company in China, renowned for its research and production of rare-earth functional materials. The company has been at the forefront of developing high-performance cerium magnets, leveraging its strong R&D capabilities to optimize the magnetic properties and thermal stability of its products for demanding applications.

Research & Development Initiatives:

• Pioneering research in cerium substitution to reduce reliance on critical rare earths

• Development of high-coercivity cerium magnet grades for automotive applications

• Focus on scalable production processes to drive down manufacturing costs

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9️⃣ 2. Zhong Ke San Huan (ZKS)

Headquarters: Beijing, China
Key Offering: High-performance Sintered NdFeB Magnets, Cerium Magnet Alloys

As one of the world’s largest manufacturers of neodymium magnets, Zhong Ke San Huan possesses extensive expertise in rare-earth magnet technology. The company is actively applying this knowledge to the development of cerium magnets, aiming to provide cost-competitive solutions without compromising on performance for a wide range of industrial and consumer applications.

Research & Development Initiatives:

• Advanced alloy design for improved cerium magnet performance

• Investment in automated production lines for consistent quality

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8️⃣ 3. Ningbo Funeng New Material

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

Ningbo Funeng New Material specializes in the production of permanent magnetic materials, with a growing focus on cerium-based solutions. The company serves a diverse customer base, supplying magnets for applications ranging from precision motors in home appliances to components in automotive systems, emphasizing the cost advantages of its cerium magnet products.

Research & Development Initiatives:

• Customization of cerium magnet properties for specific client requirements

• Focus on enhancing the corrosion resistance and long-term stability of its magnets

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7️⃣ 4. ZheJiang ZhongKe Magnetic

Headquarters: Zhejiang, China
Key Offering: Sintered and Bonded Cerium Magnets

ZheJiang ZhongKe Magnetic is a key player in the Chinese magnet industry, with a significant production capacity for various types of rare-earth magnets. The company is investing in the development of cerium magnet technology to offer an alternative to traditional NdFeB magnets, targeting markets where cost is a primary driver alongside reliable performance.

Research & Development Initiatives:

• Exploration of novel sintering techniques for cerium magnets

• Development of bonded cerium magnets for complex geometries and niche applications

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6️⃣ 5. Zhenghai Magnetic

Headquarters: Ningbo, Zhejiang, China
Key Offering: Permanent Ferrite Magnets, Cerium-substituted NdFeB Magnets

Zhenghai Magnetic has a long history in magnet manufacturing and has expanded its portfolio to include advanced rare-earth magnets. The company’s expertise in material processing allows it to produce cerium magnets that meet the specific demands of industries such as automotive, wind power, and industrial automation, providing a strategic balance of performance and affordability.

Research & Development Initiatives:

• Integration of cerium magnet production with its existing ferrite magnet business

• Collaboration with academic institutions on next-generation magnet materials

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5️⃣ 6. Shandong Shangda Rare Earth Material

Headquarters: Shandong, China
Key Offering: Rare Earth Metals, Cerium Magnet Precursors, and Alloys

Leveraging its position in the rare earth supply chain, Shandong Shangda is involved in the upstream production of materials essential for cerium magnets. The company provides high-purity cerium and other rare earth elements to magnet manufacturers, playing a critical role in ensuring a stable and cost-effective supply of raw materials for the growing market.

Research & Development Initiatives:

• Optimization of rare earth separation processes to improve cerium yield and purity

• Development of specialized alloy compositions tailored for cerium magnet production

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4️⃣ 7. Ningbo Tongchuang Strong Magnet Material

Headquarters: Ningbo, Zhejiang, China
Key Offering: NdFeB Magnets, Cerium Magnets for Industrial Applications

Ningbo Tongchuang is a specialized manufacturer focused on producing strong permanent magnets. The company has recognized the strategic importance of cerium magnets and is developing products that cater to the industrial sector, where the demand for durable and cost-effective magnetic solutions is consistently high.

Research & Development Initiatives:

• Application-focused R&D for motors and generators using cerium magnets

• Process optimization to enhance the magnetic energy product of its cerium magnet offerings

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3️⃣ 8. GanZhou Chenguang Rare Earths

Headquarters: Ganzhou, Jiangxi, China
Key Offering: Rare Earth Oxides, Cerium-based Magnetic Materials

As a significant player in China’s rare earth industry, GanZhou Chenguang Rare Earths is deeply integrated into the magnet supply chain. The company supplies key inputs for cerium magnet production and is involved in developing its own magnet materials, capitalizing on its access to abundant cerium resources from local mining operations.

Research & Development Initiatives:

• Investment in value-added processing of cerium for magnetic applications

• Strategic partnerships with downstream magnet manufacturers to co-develop new products

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2️⃣ 9. Yantai Zhenghai Magnetic

Headquarters: Yantai, Shandong, China
Key Offering: Ferrite Magnets, Rare Earth Magnets including Cerium variants

Yantai Zhenghai Magnetic leverages its extensive manufacturing experience to produce a wide array of magnetic materials. The company’s foray into cerium magnets is part of its strategy to offer a comprehensive product portfolio, serving customers who require a range of magnetic solutions from low-cost ferrites to advanced, cost-optimized rare-earth magnets.

Research & Development Initiatives:

• Cross-technology development between ferrite and rare-earth magnet divisions

• Focus on improving the manufacturability and consistency of cerium magnet batches

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1️⃣ 10. Baotou Tianhe Magnetics Technology

Headquarters: Baotou, Inner Mongolia, China
Key Offering: Sintered NdFeB Magnets, Cerium-doped Magnetic Materials

Located in a major rare earth production hub, Baotou Tianhe Magnetics Technology has direct access to critical raw materials. The company is actively developing cerium magnet technologies to utilize the abundant local cerium resources more effectively, aiming to create high-value products for the automotive and renewable energy sectors.

Research & Development Initiatives:

• Utilization of local cerium resources to develop proprietary magnet formulations

• R&D focused on achieving high thermal stability in cerium magnets for demanding environments

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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 continue to dominate high-performance segments, the industry is investing heavily in material science innovation and supply chain optimization to make cerium magnets a viable and strategic alternative.

📈 Key Trends Shaping the Market:

• R&D breakthroughs in achieving higher coercivity and energy products with cerium

• Strategic push by governments and industries to secure alternative rare earth supplies

• Growing adoption in mid-range performance applications like e-bikes, appliances, and industrial motors

• Increased vertical integration from rare earth mining to magnet production for cost control

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

The companies listed above are not only supplying essential components for modern technology—they are pioneering a more resilient and cost-effective future for the global magnet industry.