What will happen of Neodymium magnet price in 2012?

Over the year of 2011, the cost of rare-earth magnets has risen to levels never seen or probably ever envisaged before. This has been mainly due to the high cost of the rare-earth oxides that constitute the main components of the magnets. This has not only affected the end-users but also all China Magnet manfacture, China Hilian Magnet Factory have had to battle with almost daily price increases and limited supplies of the raw materials.
Thankfully NdFeb magnet prices appear to have finally stabilised in the early of 2012, but whether they will ever return to levels of a year ago remains to be seen. This situation has caused great concern particular with design engineers who have been faced with the decisions of the viability of future rare-earth projects or looking for alternative materials.  

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