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.