Welcome back to the usual update on the performance of raw materials related to magnets, to report a sudden and unexpected increase in Neodymium and Dysprosium in the last 2 weeks, which will result in a short-term rise in Neodymium magnet prices.
A different trend is observed for Samarium-Cobalt magnets, which continue to remain stable or experience a slight decrease.
Attached are the graphs with the latest prices recorded in RMB/KG for your reference.
We recommend contacting your designated Sales Representative in Garnet to review your Neodymium and Samarium-Cobalt magnet needs for the next semester in order to lock in the current prices with the factory.
