The brushless motors that we use in our Helicopters and planes are about to go up in price by as much as 50% according to Scorpion Motors.
This is due to one element in the production of the rare earth magnets at they all use.
Rare earth magnets are made from a mix of Neodymium, Iron and Boron. The Neodymium element is the problem. China has 95-96% of all known world reserves of it, and they have announced export restrictions on it.
Raw Neodymium in the USA 1 year ago was $19 per pound. It is now $129 per pound!!
In the last 5 years, the price of raw Neodymium has increased by a factor of 30!
Scorpion motors took one of their motors as an example, and the magnets in it, of which there are 12, 5 years ago cost 50cents per magnet. The price now is $7.50 per magnet!!
If you are thinking of getting a new brushless motor, you had best get it soon to save some money!!
This is due to one element in the production of the rare earth magnets at they all use.
Rare earth magnets are made from a mix of Neodymium, Iron and Boron. The Neodymium element is the problem. China has 95-96% of all known world reserves of it, and they have announced export restrictions on it.
Raw Neodymium in the USA 1 year ago was $19 per pound. It is now $129 per pound!!
In the last 5 years, the price of raw Neodymium has increased by a factor of 30!
Scorpion motors took one of their motors as an example, and the magnets in it, of which there are 12, 5 years ago cost 50cents per magnet. The price now is $7.50 per magnet!!
If you are thinking of getting a new brushless motor, you had best get it soon to save some money!!
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