The Ningbo Magnetic Materials Chamber of Commerce held its 2025 Annual Meeting and Rare Earth Permanent Magnets Industry Chain Development Forum on February 22 in Ningbo, Zhejiang Province. Attendees included Li Bo, President of the Chinese Society of Rare Earths; Academician Baogen Shen; Academician Wei Li; Secretary General Zhanfeng Yang; and Vice Secretary of the Party Leadership Group of the Ningbo Municipal Committee of the Chinese People's Political Consultative Conference, Zhongchao Chen. The event brought together over 300 representatives from enterprises and research institutions in the rare earth permanent magnets field. During the meeting, the Ningbo Magnetic Materials Chamber of Commerce released an initiative on the protection of trade secrets and unveiled a joint project for the establishment of an industrial academy.