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Rare Earth Magnets and Platters

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    SNPSELLER2015 started this thread.
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    Rare Earth Magnets and Platters

    Looking for a rare earth magnet and platter buyer?





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    Patriot76's Avatar
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    A place to start your research is at the bottom of this thread containing previous posts. It might be a place to start. I do not have the background or expertise to offer more insight.
    Give back more to this world than we take.

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    It looks like you found our prime buyer of HDD magnets here. He hasn't posted in awhile so don't know if he's still active or not.

    The only other outlet that i know of is ebay. You can find them listed for sale there.

    Just my own personal opinion:

    There doesn't seem to be a huge market demand for HDD magnets. There's been some research done into recycling them but that part of things seems to still be in it's infancy.

    At present: China seems to have control of the rare earth metals that are needed for electronics manufacturing. They don't appear to be tweaking the market to drive up prices. Quite the opposite really. If they have been dominating the available supply it's probably more for the purpose of insuring that they have a readily available supply of raw material that is mission critical to their manufacturing base.

    That's where the U.S. is vulnerable. We depend on the Chinese for most of our supply of rare earths.

    Heaven forbid we should ever get into a war with them. What few rare earths we do have on hand here will skyrocket in price.

    That's why i've been hoarding, and not selling, the few neodymium alloy magnets that i run across.

    The platters are all but worthless. They're either aluminum or glass with a very scant ( unrecoverable) amount of PM's on the surface. The ali ones go to shred. The glass ones go in the trash in my shop. There is a niche market for them in arts n crafts. Best to check that one out on ebay to see how they're selling.

    Anyway ... that's about all i know to date. There may be more to the story that i'm not aware of.

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    SNPSELLER2015 started this thread.
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    Thanks for the post and insight I think I will also hold on and stock pile these metals as well. I dont think that anytime soon will this trade war will stop. Thanks again....

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    IMHO The magnets arnt worth holding on to. Send them to the yard with your shred. The platters can usually be sold to the yard for Aluminium. Your yard may vary.

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    Your best best for both is to sell per piece and not per pound. The platters you should be able to sell as mlcc price at your local yard but they're aesthetically pretty so some folks buy them for arts and crafts. Strong magnets are sellable and it's unlikely their scrap value will ever be higher than a resale value as a usable magnet. If you're lucky you can find someone to buy them a couple for $1 or something. Not sure it's worth the effort imo

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    For all practical intents and purposes ... right at this moment ... i would tend to agree with you guys. The magnets and their backer plates are exotic alloys that most yards simply aren't set up to deal with. If there's no market ... there's no value there. Don't waste your time with it. Chuck it in the shred pile and move on.

    On the other hand ....

    We might be overlooking a potential opportunity because it's a thing that we don't ordinarily deal with.

    Quote:

    The price of neodymium has fluctuated on world markets largely because of changes in Chinese production. In mid-2011, it sold for about $500 per kilogram; but, by the end of that year, the price had fallen to less than $350 per kilogram, or 35 cents per gram ($9.92 per ounce). Pricing has continued to slide, fetching less than 4 cents per gram ($1.13 per ounce) as of late November 2017.

    Source: https://www.recyclingtoday.com/artic...als-recycling/

    It's just my thing, but i'm more concerned from a national security standpoint. The profit potential in time of war is strictly secondary. The way i figure it ... if every scrapper's shop had a few pounds of rare earths ... it might make a positive difference with powering up our military industrial complex in time of crisis. Call it strategic stockpiling ?

    Anyway ... they don't take up much space. The magnets are glued on to the alloy backer plates. They pop right off with a little bit of heat from a heat gun. Apply a little extra heat and the magnets lose their magnetism. They're less of a hassle to store that way. The backer plates are some kind of nickel alloy ? There might be potential value there if a market opens up as well.

    Just something to keep in the back of your mind. If you're ahead of the curve ... you're sitting pretty IF the time comes.

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