After the turmoil experienced last year, the market price of Pr-Nd (the main raw ingredient in neo magnets) has fallen back to Spring 2011 levels with some degree of stability creeping in.

This means that once again, neodymium magnets present a good value, quick, clean and easy solution for holding/closing applications. Whilst current UK stocks may still be more costly until material is moved through the supply chain, this is offset by instant availability. However, new bespoke enquiries should now see a much better pricing level.

Whilst there are mixed thoughts on stability going forward, most commentators don't expect a big increase after Chinese New Year. Key things to note are that the CNY holiday is expected to close down production for nearly a month between mid-January and February and that the £ is forecast to be around $1.50 for most of this year.

The graph below is included to clearly show the price changes in the raw material: