Chinese alternatives to MP Materials
2 China-built rare-earth mining, separation and magnets options.
JL Mag Rare-Earth 金力永磁
alternative to VAC / Shin-Etsu / Proterial / MP Materials
Sintered high-performance NdFeB magnets and magnet assemblies for NEV drive motors, inverter air-conditioner compressors, wind turbines, industrial servo motors and consumer electronics. Made about 34,400 t of magnet blanks in 2025 at plants in Ganzhou, Baotou and Ningbo.
- Rare-Earth Magnets
- Component maker
- Global-ready
CN
China Northern Rare Earth 北方稀土
alternative to Lynas / MP Materials
Separated rare-earth oxides, salts and metals, from lanthanum, cerium and PrNd to samarium, terbium and dysprosium, refined from Bayan Obo concentrate supplied by its parent Baogang. Also makes NdFeB magnetic materials, polishing powders and hydrogen-storage alloys.
- Rare Earths
- Refining
- Global-ready