Quote:
Originally Posted by Bob Novak
Yes we are being forced to do the same thing. It is scarry how much the price of neodymium is going up. From what I understand prices are being quoted on a weekly basis.
Bob Novak
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Bob,
If you are getting 1 week on pricing, you are lucky! We are getting only 24 hour quotes currently. Pricing on magnets has increased by 30% in the last week alone. (magnet pricing seems to be lagging the raw material prices by about 3-4 weeks.)
However, Neo pricing seems to FINALLY be leveling off. We'll hope it holds.
Patrick