Hummie
August 22, 2017, 5:25pm
1
Neodymium raw material prices have gone up about 25% just in 2017 and over 50% in under a year and are expected to rise more. most expensive part in a motor.
Dear Valued Customer, You may already feel that recently our prices for Rare Earth Neodymium magnets have increased quickly and the validity of price is shortened. We understand this may have caused inconveniences. However, we think it’s necessary to...
http://www.nbvsmagnetic.com/blog/magnet-industry-news/neodymium-magnet-prices-increase-in-2017.html
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JLabs
August 22, 2017, 6:04pm
2
Yeah there is a shortage and I am all ready seeing the effect… law of supply and demand is in full force…
For the total price of an eSk8 motor it dosnt affect it that much (atleast as of now).
Can’t do much when the largest market share of neodymium is all owned by China. The largest producer of rare earth metals is China.
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The magnets are by far the most expensive part now though. If they keep rising like this, you will see a huge impact in the future.