Due to continued growth in key markets, a broadening of application base and performance improvements, the market demands of NdFeB magnet increased steadily in 1998, and the global output of sintered NdFeB magnet exceeded 10,000 t, in spite of the economic recession in Asia. In 1998 China produced 3,850 t sintered NdFeB block magnet, with an annual growth rate of +22% over the output in 1997.
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