JL MAG Rare-Earth Sets New Highs with Over 90% Capacity Utilization in 2024

Published: Apr 1, 2025 18:17

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JL MAG Rare-Earth responded: Throughout 2024, the company's capacity utilization rate exceeded 90%. The production of high-performance magnetic material blanks reached approximately 29,300 mt, up 39.48% YoY, while the sales of high-performance magnetic material finished products reached approximately 20,900 mt, up 37.88% YoY, both setting new historical highs for the company. According to publicly available industry statistics, the company has become the top-ranked enterprise in terms of production and sales in the rare earth permanent magnet industry both nationally and globally.

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