The price of key rare earths used in magnets, namely neodymium oxide and praesodymium oxide has risen over the past month, driven by a seasonal uptick in sales of computer hard drives.
Latest prices for neodymium oxide (99%, bulk, FOB China), a necessary component in new magnet technology used in computer hard drives, hybrid vehicles and wind turbine power manufacturing, have been quoted at $16.10/kg, up 11% from last month’s price of $14.50/kg.
In tandem, prices for praesodymium oxide (bulk FOB) which...