Every one of the magnet blanks went down 10 RMB a KG on Monday. 10 RMB was A 2.74% drop for the most expensive blank N55
A drop of 3.52% for the least expensive. Steel is still going up is the most prevalent magnetic material in these magnets at 72% ND is only 27% This will be a major hit to future NdO prices
Here is a chart of Steel prices would anybody care to make a guess about what this means for Nd prices?
NdPR price, page-1472
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