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Posts Tagged ‘Rare Earth Magnet’
Electric Vehicles Drive Up Rare Earth Magnets Prices
Prices of Neodymium Magnets Increase The price of rare earth minerals, used in the production of Rare Earth Magnets such as Neodymium, is trading at nearly double the 2016 average (as of August 2017). This alarming increase is believed to be driven by an expansion in electric vehicles and renewable energy. At the end of…
Read MoreMagnet Health and Safety Advice
The high magnetic strength of present-day Permanent Magnets, such as Rare Earth Neodymium, is vitally important in Computer Hard Drives, Audio Equipment, Motors, Door Catches, and even Jewellery. However, there are also Health and Safety precautions that need to be taken when handling high strength Neodymium Magnets. These magnet health and safety precautions need to be…
Read MoreWhy Are Strong Magnets Called Rare Earth?
The first ‘Rare Earth’ Magnet was developed in the 1960s based on work done by Karl Strnat and Alden Rey at Wright-Patterson Air Force Base and the University of Dayton. The development of the Samarium–Cobalt Magnet (made of an alloy of samarium and cobalt SmCo) was a major advancement in magnet technology. For the first…
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