Magnet Price in a Volatile State: How Cobalt & Neodymium Demand Impacts Magnet Pricing
As global demand for Cobalt and Neodymium continues to rise, magnet manufacturers and fabricators have to deal with a volatile pricing situation. Cobalt and Neodymium are key raw materials used in the manufacturing of rare earth magnets. As you might guess, Neodymium is an essential component of Neodymium magnets, while Cobalt is an essential component…