Rare Earth Metals get Dear

Those following business and economics will be aware that China has restricted export quotas on the materials used to make rare-earth magnets, which has caused price increases of 6 fold on Neodymium since the start of this year. That is great news in that rare earth mines all over the world can now open and produce these materials with much better environmental and health standards. However, it does mean that the magnets used in ebike motors are about 3 times as expensive as they used to be, which causes a 50-70% rise in the cost of direct drive hub motors and a somewhat lower rise in the cost of geared motors.

We still have the old prices listed for our remaining 9C motor stock, but as soon as the next shipment arrives in 2 weeks then expect the price on these and the associated 9C based direct drive kits to go up accordingly.