Due to the lower demand than expected, the price of Pr/Nd fell today, it's $109,500/tonne.
NdFeB magnets' factories only use 50% their production capability, and 3rd mechanical partners also have very short orders from customers.
Tesla said that Tesla's next-generation vehicle platform will reduce the use of silicon carbide by 75%, and the next-generation permanent magnet motor will not use rare earth materials at all, and will not lose energy efficiency. The total manufacturing cost will be reduced by 1000 dollars.
The bad news kicked out confidence of market.
