While planning the purchase of magnets in good time has always been strategic in order to be able to procure them at the best market conditions, this option becomes even more important at the end of the year in order to avoid European and Chinese company closures and consequent completely full transports as well as the possible increase in prices after the holidays.
The favourable momentum of all raw materials continues: Neodymium and Dysprosium have been stable or gradually declining for weeks, but Samarium is also in a good moment. We enclose the graphs for your quick reference.
FORECAST : PLAN WITH GARNET
We are collecting magnet forecasts for your new year’s needs in order to book production at the factory and secure priority on the first months of 2024 and lock in the current very competitive prices.
A careful and precise planning of the purchase of magnets for the first half of 2024 could result in significant savings on your final project as the price of the magnet has a large impact on most applications.
In addition, it is very important to book production and consequent shipment with the factories before their closure for the Chinese New Year, which will lead to a halt of all production activities in China and considerable delay in imports.