JL Mag Rare-Earth 金力永磁
China · Ganzhou
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.
Why it fits
- Rare-Earth Magnets
- Component maker
- Global-ready
Regional alternatives
Product facts
- Segment
- Rare-Earth Magnets
- Supply-chain stage
- Component manufacturing
- Main end uses
- EVs, Consumer goods, Wind, Industrial, Electronics
2025 annual report: about 34,400 t of magnet blanks produced and 25,300 t of finished magnets sold; NEV and auto parts were its largest market at CNY 3.94B of CNY 7.72B revenue (Mar 2026).
Regulatory & supply-chain notes
Exporting NdFeB magnets that contain terbium or dysprosium from China needs a MOFCOM dual-use export licence; it is a licence requirement, not a ban. JL Mag says it holds export licences, including one of the first general licences.
China export control (MOFCOM) · MOFCOM/GAC Announcement No. 18 of 2025 · in force since 2025-04-04 · source ↗
Would require companies outside China to get a MOFCOM licence before re-exporting these magnets or goods built with them to a third country; suspended until 10 Nov 2026 by MOFCOM/GAC Announcement No. 70 of 2025.
China export control (MOFCOM) · MOFCOM Announcement No. 61 of 2025 · suspended until 2026-11-10 · source ↗
Company & market
- Parent company
- JL Mag Rare-Earth
- Registered
- Ganzhou
- Listing
- HK-listed
- Market cap / val. (USD)
- ~$4.3 B
- Foreign-investable
- Yes