Samarium Cobalt (SmCo) magnet markets remained firm during Q1’26, supported by restricted rare-earth feedstock movement, cobalt supply controls, and steady demand from high-performance industries. In Asia, China’s controls on samarium alloys, compounds, metals, and oxides limited the availability of critical feedstock for magnet producers. Cobalt availability also remained constrained, with Congo’s export quota set at 18,125 tons of contained cobalt for the rest of 2025 and up to 96,600 tons per year in 2026 and 2027, including 9,600 tons for strategic reserves. Europe and North America stayed exposed to Asian rare-earth and magnet supply chains, while aerospace, defense, electronics, and high-temperature motor users continued need-based procurement. In the latter part of the quarter, the Iran war and Strait of Hormuz closure added logistics pressure, as shipping through the route remained disrupted, and the strait normally carries around 20% of global oil supply.
Analyst Insight
According to Procurement Resource, SmCo magnet markets may remain firm in the near term if samarium controls and cobalt quota limits continue. Any easing in rare-earth export movement could reduce procurement pressure.
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Samarium cobalt (SmCo) magnet is a rare earth permanent magnet made from samarium and cobalt. It offers high magnetic strength, strong corrosion resistance, and excellent temperature stability, making it suitable for demanding applications in defense, aerospace, electronics, motors, actuators, and medical devices.
Arnold Magnetic Technologies, Adams Magnetic Products Co., Eclipse Magnetics Ltd., Hangzhou Permanent Magnet Group Ltd., Ningbo Ninggang Permanent Magnetic Materials Co. Ltd. (NGYC), Ningbo Ketian Magnet Co., Ltd., Thomas & Skinner Inc.
SmCo magnet, samarium cobalt magnet, samarium-cobalt permanent magnet, rare earth cobalt magnet, SmCo5 magnet, Sm2Co17 magnet.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Samarium Cobalt (SmCo) Magnet Production by powder metallurgy, where samarium and cobalt alloy is melted, crushed into fine powder, pressed in a magnetic field, sintered at high temperature, heat treated, machined, and magnetized to obtain the required magnet shape and strength.
SmCo magnets are used in defense systems, aircraft components, missiles, radar equipment, motors, actuators, industrial equipment, electronics, medical devices, renewable energy systems, and high-temperature applications.
Rakesh Nandi
Team Lead - Market Research
Leading procurement-focused market intelligence across chemicals, composites, advanced materials, aerospace & defense, and energy, delivering commodity forecasts, supply chain analysis, and competitive benchmarking to support sourcing decisions.
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