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Permanent magnets are invisibly present in everyday life as part of various devices and at the same time are the most important products that ensure the development of a wide range of high-tech areas from nuclear and wind energy to electric transport and medicine. According to experts, the volume of consumption in the world will continue to grow and will reach 227,100 tons by 2028. At the same time, the average annual growth will be 17.2 %.
The Fuel Division of the Rosatom State Corporation (Rosatom's TVEL Fuel Company) includes enterprises for the manufacture of nuclear fuel, conversion and enrichment of uranium, production of gas centrifuges, as well as research and development organizations. As the sole supplier of nuclear fuel to Russian nuclear power plants, TVEL provides fuel to a total of 70 power reactors in 15 countries, research reactors in nine countries around the world, as well as transport reactors of the Russian nuclear fleet. Every sixth power reactor in the world is powered by TVEL fuel. Rosatom's Fuel Division is the world's largest manufacturer of enriched uranium, as well as the leader of the global stable isotope market. The Fuel Division is actively developing new businesses in the fields of chemistry, metallurgy, energy storage technologies, 3D printing, digital products, as well as decommissioning of nuclear facilities. Rosatom's industry integrators for additive technologies and energy storage systems have been created within the Fuel Division.
Since 2020, the Rosatom's Fuel Division has been engaged in phased localization of production of permanent rare-earth magnets based on the neodymium-iron-boron system. The first REM magnets produced by Elemash Magnet LLC (part of the Fuel Division) were supplied to Rosatoms wind power division, JSC NovaWind, for power generators at the Karmalinovskaya Wind Power Plant in the Stavropol region. Currently, Russia has all the necessary resources to create a production chain for REM magnets. In particular, the Rosatom State Corporation has competencies in all key areas, including: extraction of raw materials (projects of the Mining Division); research base (institutes of Science and Innovations JSC); as well as the existing and future production facilities of the Fuel Division. Additionally, the stability of the vertical chain is ensured by cooperation with the leaders of the rare metals industry, in particular, the Solikamsk Magnesium Plant.