Supplies for strong neodymium magnets have been restricted in a changing market.
When you need highly coercive magnets for magnetic applications that demand extra strength, you’ll find that strong neodymium magnets are the perfect solution. They are the most powerful commercially available magnets in the world. However, the worldwide market for these magnets has changed rapidly in the last couple of years as neodymium supplies have been restricted, leading to skyrocketing prices for all rare earth materials. Manufacturers and other users of rare earth magnets have been challenged by these events, and finding the most reliable and cost-effective source of neodymium magnets is a priority for many companies.