Baotou Rare Earth wholly-owned subsidiary Baotou Rare Earth Research Institute, deputy chief engineer said, used in refrigerators, air-conditioning on the development of rare earth magnetic cooler has made great progress, the Institute is currently around the Haier Group project research, has completed two Prototype production, is manufacturing a third prototype, the industry is expected to 2016 magnetic refrigeration will be mass production.

According to the deputy chief engineer, Haier Group in 2007 began with the Baotou Rare Earth Research Institute, and in 2011 set up a magnetic refrigeration division, Baotou Rare Earth Research Institute has invested a considerable amount of research funding for magnetic refrigeration research, the current Progressing well. "Haier's joining will further accelerate the process of magnetic refrigeration into the market."

It is reported that the Baotou Rare Earth Research Institute is currently made of the prototype NdFeB dosage is about 4KG, the deputy chief workers said that from the use of performance and cost to ensure that the cost of two, each magnetic refrigerator consumes 2-5KG NdFeB more appropriate The At present, China's annual output of air-conditioning, about 100 million refrigerators, even if the initial operation of the magnetic refrigerator can only account for 1% of the market share, the annual output can reach 100 million units, is expected to consume 20,000 tons of NdFeB , Coupled with the needs of foreign markets, the production of magnetic chiller on the demand for NdFeB material will be very impressive.

The deputy chief engineer said that the current developed countries are actively engaged in magnetic refrigeration research, BASF, Samsung and other companies have made certain research results, the industry agreed that by 2016 production will be a high probability event.