by Doug Donaldson | Dec 17, 2021 | Industry News
Posted December 17, 2021
METALS FORECAST
This last year has seen large fluctuations in metals pricing for components used in the manufacture of magnetic cores and rare earth magnets. Factors driving the prices up including supply shortages, increased production costs and the continued growing demand.
Rare Earth Forecast:
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In the month of November, PrNd rose by 15.8% and Cobalt by 7.6%.
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Magnetic Cores Forecast:
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In the year to date, Nickel rose by 18.1% and Zinc by 18.7%.
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We highly recommend that customers place blanket or other long-term contracts to guarantee an uninterrupted flow of materials. At Allstar, managing the supply chain is a critical component of our services and we are monitoring the situation closely. Check our email blasts and “News Posts” for monthly updates.
by Doug Donaldson | Nov 9, 2021 | Industry News
Posted November 8, 2021
Rare Earth Metals Forecast
This last year has seen large fluctuations in rare earth metals pricing and some like PrNd and DyFe have more than doubled since October of last year. PrNd and DyFe are two metal components used in the manufacture of the very popular NdFeB (Neo) magnets.
In the month of October, PrNd rose by 16% and DyFe by 5% – with many factors driving the prices up including supply shortages, increased production costs and the continued growing demand.
We highly recommend that customers place blanket or other long-term contracts to guarantee an uninterrupted flow of materials. At Allstar, managing the supply chain is a critical component of our services and we are monitoring the situation closely. Check our email blasts and “News Posts” for monthly updates.
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by Doug Donaldson | Mar 3, 2021 | Industry News
Posted March 3, 2021
At Allstar we understand your need to have a reliable and consistent supply chain, so we closely monitor the prices of rare earth metals and other materials used for permanent magnets. In the last several months there has been a notable uptick in metals pricing that is having an impact on magnet costs.
| Date |
Cobalt |
Neo |
Terbium |
DyFe |
Copper |
| Nov 2020 |
4% |
8.5% |
2% |
5.5% |
3% |
| Dec 2020 |
24% |
15% |
5% |
16% |
16.6% |
| Feb 2021 |
37% |
29% |
36% |
32% |
20% |
Data as of 2/25/21 Data source Zhaocicai.com
While it is difficult to predict how this volatility will impact the long-term pricing in the permanent magnet market, Allstar is proactively offering solutions to help you mitigate risk and lock in pricing to ensure just-in-time delivery. Allstar has blanket agreements with flexible inventory, warehousing and stocking arrangements.
Contact your Allstar sales rep today to secure your uninterrupted supply chain.
