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Rare Earth Restrictions To Raise Hard Drive Cost

MojoKid (1002251) writes | more than 3 years ago

Data Storage 0

MojoKid writes "Multiple manufacturers in the IT industry have been keeping a wary eye on China's decision to cut back on rare earth exports and the impact it may have on component prices. There have been reports that suggest we'll see that decision hit the hard drive industry this year, with HDD prices trending upwards an estimated 5-10 percent depending on capacity. Although rare earth magnets are only a small part of a hard drive's total cost, China cut exports last year by 40 percent, which drove pricing for these particular components up an estimated 20-30x. China currently controls 97 percent of the rare earth elements market for popular metals like neodymium, cerium, yttrium and ytterbium."
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