Originally Posted by
jlthebear
What about precious metal magnets. Any interest?
What is a precious metal magnet? A lot on this forum has been mentioned as of late about rare earth magnets. The common miss conception about rare earth elements is that they are rare they are not. the problem is that they are not cost effective to mine without slave(Chinese) labor. The US has a large deposit of them it just cost to much to mine. however the US in light of china restricting the flow of them has reopened some of its mines and should be up and running in 2014. Now that the price for rare earth has fallen so low they may not open them of on a more limited schedule.
2010-2011 was the time to sell your rare earth metals. the one that is still strong is Terbium oxide at $1500Kg, but its harder to collect and the scrap yards not going to buy a pound at a time. maybe 200# but nothing less.
Eric
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