Magnets drive rare earth hikes
Published: Wednesday, 25 November 2009
Prices of key rare earths rise with increased magnet, hard drive and LCD sales
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...