DA Technology Establishes Production Line for 'Mn-Bi Ferrite Magnets'... "Full-Scale Entry into 9 Trillion Won Market"

DA Technology, a manufacturer of non-rare earth permanent magnets, announced on the 18th that it has established a production line for 'Mn-Bi (Manganese-Bismuth) ferrite magnets' and is moving towards commercialization.

DA Technology recently succeeded in producing a second prototype that can be custom-made according to the requirements of each customer through performance verification and improvement. Earlier, in June, the company completed the production of the first prototype after receiving Mn-Bi ferrite magnet samples from the Korea Institute of Materials Science (KIMS) in collaboration with Corisen.

The company plans to complete the production line within this year and produce approximately 1,000 tons of Mn-Bi ferrite magnets next year. Through this, the company explained that it is possible to replace not only existing ferrite magnets but also rare earth permanent magnets, enabling a steep increase in performance.

The ferrite market, which is attracting attention as a substitute for rare earth permanent magnets, is expanding into various industrial fields such as computers and smartphones due to advancements in AI (artificial intelligence) and voice recognition technologies. According to the global market research firm FMI (Future Market Insights), the ferrite market size is expected to grow at an average annual rate of about 5.2%, from 5 trillion KRW in 2030 to 9 trillion KRW in 2032.

Mn-Bi ferrite magnets are permanent magnets developed with purely domestic technology and have the advantage of maintaining magnetic properties even at high temperatures of 340℃. They have superior high-temperature characteristics compared to existing neodymium-based permanent magnets and general ferrite magnets, making them suitable for use in high-speed rotation or high-temperature environments.

A representative from DA Technology stated, “Permanent magnet materials are essential for energy conversion, and demand is expected to surge worldwide due to the restructuring of future industrial structures. The need for Mn-Bi ferrite magnets, which maintain magnetic properties even in extreme environments, will increase in advanced component industries that require miniaturization, weight reduction, and high efficiency.”

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