Total cost of neodymium in an electric car is now $100 of the...

Total cost of neodymium in an electric car is now $100 of the total of$30,000. If the price of neodymium goesup by a factor of 10, electric cars will still use it, because nothing elseworks as well to convert electrical energy to mechanical energy. You can't make up new things in the periodic table. If you want respectable range and acceleration you have to use the good magnets to covert electrical energy to mechanical energy. Without a good magnet, your electric car is just a $30,000 paperweight. There won't be enough neodymium for all the electric cars they are forecasting in the next 20 years, so the car manufacturers have to bid up the price. I estimate the point of pain is at least 10 to 20 times the current price, not a mere 10% increase. By 2040, the new normal price will be about $800 / kg (compared to about $48 / kg today) Remember it hit $500 / kg in 2011.