John Loftis wrote:I've spent several hours today researching this. According to several magnet wholesalers, rare earth (neodymium) magnets have gone up 700% in price in the last three months. Apparently, iphones and some other gadgets with touch screens now use the same powder that rare earth magnets are made of. If you are in the market for magnetic knife strips, now would be a good time to buy one. I'm pretty sure there's about to be a significant price jump. I'm a professional woodworker and I can't MAKE a wooden strip with rare earth magnets as affordably as I can buy one at CKtG, even if I buy 500+ magnets at a time. The rare earth magnets have become just too expensive.
I'm bummed. I was hoping to make some of these for resale.
Yeah, they are starting to put millions into research to figure out how to spend billions to mine the bottom of the ocean, these minerals are getting so in demand.