JL MAG Rare-Earth Co., Ltd. Depositary Receipt (JLMAG80)
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JL MAG Rare-Earth Co., Ltd. Depositary Receipt Profile
| Metals & Mining Industry | Materials Sector | Mr. Baogui Cai CEO | SET Exchange | - ISIN |
| TH Country | 7,302 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
JL Mag Rare-Earth Co., Ltd. is a prominent player in the research, development, production, and sales of rare earth permanent magnetic materials, not just within Mainland China but on an international level. Established in 2008, the company holds a strategic position in the rare earth industry with its headquarters located in Ganzhou, China. JL Mag Rare-Earth Co., Ltd. specializes in leveraging the unique properties of rare earth elements to manufacture advanced magnetic materials. Operating under the umbrella of Jiangxi Ruide Venture Capital Co. Ltd., JL Mag Rare-Earth Co., Ltd. has carved a niche for itself by serving a diverse range of high-tech and green energy sectors.
Products and Services
JL Mag Rare-Earth Co., Ltd. offers a wide array of NdFeB permanent magnets (PMs) products, catering to various industries and applications:
- New Energy Vehicles and Automotive Parts: These magnets are crucial components in electric and hybrid vehicle motors, contributing significantly to the cars' energy efficiency and performance.
- Energy-Saving Variable-Frequency Air-Conditioners: The magnets are used to enhance the efficiency of compressors in air conditioning systems, leading to reduced energy consumption.
- Wind Power Generation: NdFeB magnets are fundamental in the production of wind turbines, serving an essential role in the generation of renewable energy.
- 3C (Computer, Communication, and Consumer Electronics): These magnets are employed in various electronic devices for improving performance, miniaturization, and energy efficiency.
- Robotics and Industrial Servo Motors: The precision and efficiency of robots and servo motors are markedly improved by the use of NdFeB magnets, catering to the automation and manufacturing industries.
- Energy-Saving Elevators: Their use in elevators significantly enhances energy efficiency, supporting the development of more sustainable buildings.
- Rail Transit: NdFeB magnets are used in the rail industry to improve the performance and efficiency of traction systems in trains and urban transit systems.
