Japan finds alternative to China's rare earth metal stranglehold

Discussion in 'Economy' started by Modbert, Sep 10, 2010.

  1. Modbert
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    Modbert Daydream Believer Supporting Member

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    Japan finds alternative to China's rare earth metal stranglehold - Ferrite is might | TechEye

    This is excellent news considering China's stranglehold on rare earth metals that are used in everything from magnets to cars to missiles. At the current rate of consumption, China alone will run out of their own supply by 2012-2014 leaving the rest of us on our own.

    Of course, it doesn't help matters about the fear of China flooding the rare metals market like they did previously to keep prices down, therefore driving out the rest of the competition again.
     
  2. william the wie
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    william the wie Gold Member

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    Very good news indeed.
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    [ame=http://www.youtube.com/watch?v=QZsppOw2Mxk]YouTube - I Just Want to Celebrate - Rare Earth[/ame]
     
  4. loosecannon
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    loosecannon Senior Member

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    So neodymium is in short supply?

    You can still buy it here at dirt cheap prices K&J Magnetics - Strong Neodymium Magnets, Rare Earth Magnets . Very useful for any number of projects.

    Neodymium - Wikipedia, the free encyclopedia

    I don't think it is rare or likely to be depleted anytime soon.
     
  5. loosecannon
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    loosecannon Senior Member

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    BTW, I really get a kick out of this disclaimer:

    i can attest, having purchased magnets from this supplier only 1/8th the strength, that they are remarkably powerful. I accidentally destroyed a PC by placing one such magnet on my file cabinet 30" away.

    Unbelievable strong.
     
    Last edited: Sep 10, 2010

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