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Rising Neodymium Prices (Read 1068 times)
Pale Rider
Seasoned Member

Posts: 1272
Rising Neodymium Prices
06/14/11 at 16:37:56
Apparently, neodymium prices are scheduled to go up July 1. Given that Decware seems to operate on fairly narrow margins, I wonder if this will have an impact on speakers like the ERR.

I found this fascinating in the article:
Business China says the price for both neodymium and dysprosium "continue to rise steeply due to mining restrictions and the cutting of export quotas for rare-earth minerals by China." China exports over 90 percent of the world's rare-earth metals and houses more than one third of the world's reserves, according to Business China. The market is controlled by the Chinese government, which in recent years has limited export quotas.

Neodymium Price Up 1400%
The price of neodymium has risen to RMB 1.4 million per ton from RMB 100,000 per ton since the end of 2008, when China issued a series of tightening measures for the country’s rare-earth industry, according to a survey by the 21st Century Business Herald.

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« Last Edit: 06/14/11 at 16:51:32 by Pale Rider »  

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