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MATRIX...reloaded?!.....uh oh, shortage of magnets...
#1
....like the ones used in your cell phones, hybrid cars, etc.....to be more precise shortage of the rare element NEOdymium (<-- Matrix reference, in case you missed it)....


Scientists Race to Engineer a New Magnet for Electronics

...A magnet at the heart of high-tech products such as cell phones and hybrid cars relies upon an increasingly scarce supply of the rare earth element known as neodymium. Now one of the original inventors of that magnet hopes to create a new generation of magnetic materials that can ease or break free of that dependence.

The neodymium-iron-boron magnet represents the most powerful commercial magnet available today, and has a starring role in many technologies crucial to the U.S. economy and defense. But the U.S. overwhelmingly relies upon China for its supply of neodymium and other rare earth minerals, and China has warned that its own domestic demand may soon force it to cut off that supply.

That means the U.S. may face a shortage of neodymium and other rare earths,
unless it spends the time and money to begin mining its own fairly untapped reserves. The possibility of a shortage has also led to renewed research aimed at developing magnets less dependent upon neodymium.

"It's been 27 or 28 years since the discovery of neodymium-iron-boron (Nd-Fe-B), and we have not yet found a better magnet," said George Hadjipanayis, a physicist at the University of Delaware and co-inventor of the Nd-Fe-B magnet.

Hadjipanayis leads a collaborative research effort with $4.6 million in funding from ARPA-E, the U.S. Department of Energy's agency that backs high-risk but potentially high-payoff projects.

Nd-Fe-B magnets have worked well for everything from computer hard drives to wind turbines and Toyota's Prius because of their exceptional magnetic strength - the energy product of such magnets can reach 50 million or even 60 million megagauss-oersteds (MGOe). By comparison, the energy product of the more common ferrite magnets is just 4 million to 5 million MGOe.....



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#2
I just paid $5 bucks for a 10-pack of 1/2-inch rare earth magnets. That's a bit less than I paid for the same thing last year. If there's a shortage, why are prices still so low?

Answer: There's no shortage.

We don't want China to have a monopoly and opening up new mines could cost billions of dollars. U.S. mining companies don't want to compete with China so they're pushing Congress to fund the whole thing. (They're selling it as both an "employment" bill and as a "national security" bill.)

Meanwhile, Greenland has more rare earths than us and most of Africa has decent RE resources that they are just beginning to exploit. Unless they form a cartel, China's control over the market is probably not going to last out the decade.

...

I think the helium shortage is much more serious. I like balloons. Those mini helium tanks they sell at party stores have doubled in price over the last decade.
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#3
Yeah there are probably tons of these magnets on eBay for pretty cheap. Any shortages are way out there. Of course having something even stronger than neodymium would be very cool and very dangerous too.
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#4
Almost all the "rare earths" are about as rare as copper.

When the demand exists to push the price high enough, there will be plenty of them mined even here.
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