Hengdian East Magnetic: the company mainly produces ferrite magnetic materials

Recently, some investors asked questions about Hengdian East Magnetic on the interactive platform. What are the main materials of the company's magnetic materials and devices? Is it mainly self-owned mine production or foreign procurement? Will the increase of major materials after the state control of rare earths increase the cost of the company?

Hengdian East Magnetic said that the raw materials of the company's magnetic materials are mainly iron phosphorus, iron red, strontium carbonate, barium carbonate, nickel oxide, zinc oxide, manganese tetroxide and so on. The raw materials are purchased at home and abroad, and the company mainly produces ferrite magnetic materials. It is not affected by the price fluctuation of rare earth materials.