Well, they did say the cost of Neodymium nearly trippled..
Well, it's actually much worse than that...
The price has tripled since January. But it tripled between June 2010 and January 2011 also. So today, the cost is well over 1000% higher than a year ago.
June 2010 : $38/kilo
June 2011: $420/kilo
And that's just for the raw material.
Patrick del Castillo
President, Principle Engineer
Castle Creations