[Special Stock] DAE Tech Expected to Commercialize Non-Rare Earth Permanent Magnets

DA Technology is showing strong performance. The expectation of commercialization of non-rare earth permanent magnets is interpreted as influencing the stock price.

As of 2:10 PM on the 30th, DA Technology is trading at 4,850 KRW, up 4.75% from the previous day.

DA Technology, together with Corisen, is accelerating the commercialization of the ‘Mn-Bi Ferrite Magnet.’ They recently completed the initial prototype production and have filed patents for manufacturing methods and process technologies. With production facilities also being established, the commercialization timeline is expected to be advanced.

Mn-Bi Ferrite is called the ‘fourth magnet,’ first developed worldwide by Dr. Chuljin Choi of the Korea Institute of Materials Science. Its greatest strength is that it is cheaper than rare earth magnets while maintaining magnetic properties even at 340℃.

Permanent magnets are essential core materials not only for electric vehicles but also for robots, wind turbines, data management, and most advanced fields. As China’s weaponization of rare earths, the key raw material for permanent magnets, accelerates, interest in non-rare earth permanent magnets is growing.

A company official said, "The Mn-Bi Ferrite magnet is a technology already globally recognized as a research achievement of Professor Chuljin Choi," adding, "We are focusing on technology transfer and investment in production facilities." He continued, "Along with pilot testing of the initial prototype received recently from the Materials Institute, we plan to start producing our own samples," and added, "We plan to expedite the establishment of a mass production system."

This content was produced with the assistance of AI translation services.