Price Increases in Raw Material
Price Increases in Raw Material The cost of Rare Earth magnet material such as Neodymium, Boron, Cobalt and Samarium seen dramatic increases in cost, with prices rising by 40% over the previous 10 months. Although not particularly rare these raw materials are in short supply because of world demand, coupled with rising energy costs, means that finished magnet prices are seeing a 20-30% increase and prices can only be fixed over short periods.With direct access to the resources and production, CMC continues provide the best products with competitive low costs.
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