AlNiCo magnets hold just 1.8% of the permanent magnet market, yet end users closely monitor the AlNiCo magnet price trend. Different grades of AlNiCo magnets contain Cobalt (0–42 wt%) and Nickel (13–28 wt%), making the costs of these metals critical drivers of the AlNiCo magnet price fluctuations across applications.
Most AlNiCo magnets are produced through casting, yielding the highest output. Beyond high-coercivity grades like AlNiCo 8 and 9, nearly all cast AlNiCo magnets rely on recycled Cobalt and Nickel, minimizing the need for primary metals. Sourced from waste AlNiCo magnets with known compositions, these recycled materials’ prices generally follow primary Cobalt and Nickel trends, influencing the AlNiCo magnet price trend.
