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| abit off center | 
				
				Whats up with Neodymium Magnets?
			 
			We use these rare earth magnets in our processing and since last October the price has jumped 5 times!  Whats up with that?
		 
				__________________ ______________________ Craig G2Performance Twinplug, head work, case savers, rockers arms, etc. | ||
|  09-09-2011, 04:08 AM | 
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| Registered Join Date: Oct 2003 Location: Mount Pleasant, South Carolina 
					Posts: 14,296
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			One word: China.
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|  09-09-2011, 04:09 AM | 
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| Used Up User | 
			Agreed. In consumer electronics, the feeling is that China is raising the price of all rare earths & choking the supply to give Chinese manufacturers a serious advantage over all other customers.  You can expect this to continue. Ian 
				__________________ '87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- | ||
|  09-09-2011, 04:14 AM | 
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| Registered Join Date: Dec 2001 Location: Cambridge, MA 
					Posts: 44,467
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			China. story on NPR last year about China and rare earth metals.
		 
				__________________ Tru6 Restoration & Design | ||
|  09-09-2011, 04:25 AM | 
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| Toujours l' Audace Join Date: Feb 2007 Location: Sleepy  Hollow IL 
					Posts: 690
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				China
			 
			Yep china has grabbed the market by the cojones We make some magdrive products and most likely will leave that market given the huge increase in prices just a reminder to us all that china is no free market MFLO 
				__________________ porsche85 gmc 72 | ||
|  09-09-2011, 05:08 AM | 
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| Almost Banned Once | 
			Try getting some plain old tool steel... Again ridiculously expensive.
		 
				__________________ - Peter | ||
|  09-09-2011, 06:32 AM | 
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| Registered | 
			My favorite bass speaker manufacturer (Bergantino) discontinued all of his neo-loaded cabinets. Luckily I have a pair of them. He's got a new line of ceramic loaded cabs coming out in a few weeks, but his response wasn't to raise prices, just get the hell out.
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|  09-09-2011, 06:36 AM | 
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| canna change law physics | 
			China is raising the price enough to generate a lot of revenue, but not enough for alternative sources to come on line, like reclamation from sea water.  Hmmm. Maybe if the reclamation process also produced desal water... 
				__________________ James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 | ||
|  09-09-2011, 06:51 AM | 
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| beancounter Join Date: Jan 2008 Location: Weehawken, NJ 
					Posts: 3,593
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				__________________ Jacob Current: 1983 911 GT4 Race Car / 1999 Spec Miata / 2000 MB SL500 / 1998 MB E300TD / 1998 BMW R1100RT / 2016 KTM Duke 690 Past: 2009 997 Turbo Cab / 1979 930 | ||
|  09-09-2011, 10:01 AM | 
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| Registered | 
			Rare earth prices won't stay this high, though they won't drop to what they had been. Mines outside of China are opening or re-opening. It takes time, though. Look up stock ticker RARE and do some reading. Also, products will be re-designed to use less rare earths or none, when feasible. New supply will run into falling demand. | ||
|  09-09-2011, 04:29 PM | 
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