Neodymium block magnets are currently selling for
about $10 per cubic inch; Still about five times higher than two years ago. Our wind turbine magnets, N50 Grade 2 x 1 x 1/2 inch were $2.35 each. 24 required for a 6Kw turbine cost us $56.40 then. Now the same group will cost us $200 more per generator...for the magnets alone! Our product is still on hold.
Art Devine, Magnetic Arts Div. Escondido, CA
I suspect that China's game plan, once mines and production are running, will be to dump its material on the market and force them out of business. Then repeat.
It's called the "free market" a euphemism for monopoly.
The article contains glaring omissions in the membership of the alliance. A full list can be found here:
Arnold Magnetic Technologies
Avalon Rare Metals
Boulder Wind Power
Colorado School of Mines
Global Tungsten & Powders
Great Western Minerals Group
Iowa State University
Quest Rare Minerals
Rare Element Resources