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JL MAG Rare-Earth, Ganzhou
Ganzhou, China25.86°N 114.94°E
computed criticality32/100
reading
29,300 t of magnet blanks in 2024; world no. 1 in sintered NdFeB
2024Fault line
The world's leading maker of high-performance NdFeB magnets, supplier to Tesla, BYD and Toyota. Its capacity alone exceeds all announced Western projects combined. The concentration of industrial know-how in Ganzhou makes any decoupling scenario an exercise in catching up over at least a decade.
→Stable2035
NdFeB magnet manufacturing remains the chokepoint: China (including JL MAG, the world's largest producer in Ganzhou) held 94% of magnet output in 2024, and the IEA projects that non-China capacity will cover well below 20% of demand by 2035.AIE, Rare Earth Elements, 2025 ↗
Actors
JL MAG (Ganzhou)
Customers: Tesla, BYD, Toyota
Depends on 1
Metallisation & alloys, Baotou / GanzhouRare Earths · Critical anchor↗Feeds 3
EV motors & wind turbines, global industryRare Earths↗Strait of MalaccaChokepoints↗Suez CanalChokepoints↗Shocks endured
Ford Chicago halts for lack of magnetsMay 20, 2025↗Beijing puts heavy rare earths under licenseApr 4, 2025↗Sources