30 March 2011
The prices of rare earth material exported from China have already increased by 13% this week. Last week, they increased by 15% and by 14% in each of the two weeks preceeding this. This is due to the Chinese government restricting mining and export of rare earth materials and this looks set to continue for at least the next 18 months.
The link is to a Daily Telegraph article from 19 March 2011 which attempts to explain why the Chinese government are taking this action.
Update: 13 June 2011 Our manufacturers are reporting that the price of raw neodymium has increased by 600% in the last 4 months.
Update: 10 January 2012 We are being advised by our manufacturers that the prices are stable now but that this is unlikely to continue through the coming months.
Update: 5 April 2012Prices of raw neodymium are currently much lower than they have been in recent months but they are not stable.
Update: 28 May 2012Prices are fluctuating rapidly and are currently on the way back up.