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Hard Drive Prices Doubled

post #1 of 26
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Hard drive prices have now doubled.

Last week a Seagate Barracuda 500GB 3.5" HDD would cost $39, now it costs $79 from PCCaseGear.

Is this because of the Thailand floods? I know nothing about the floods, but a friend just mentioned it.
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post #2 of 26
yes. WD's facility was flooded and while Seagate's facilities are ok, they are having problems getting parts as their manufacturers where affected by the floods. So pretty much every one is affected by this.
     
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post #3 of 26
Not sure about prices in the states because I haven't checked lately. But my thought is it has more to do with China halting production/ mining of rare earth minerals: http://www.dailytech.com/China+Cuts+...ticle23069.htm

The magnets in hard drives I know are made from rare earth metals, not sure what else in them may use rare earth minerals

Edit: above poster mentions the fact factories are flooded; so it is possible it's a combination of the two.
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post #4 of 26
Quote:
Originally Posted by veritas-truth View Post
Not sure about prices in the states because I haven't checked lately. But my thought is it has more to do with China halting production/ mining of rare earth minerals: http://www.dailytech.com/China+Cuts+...ticle23069.htm

The magnets in hard drives I know are made from rare earth metals, not sure what else in them may use rare earth minerals

Edit: above poster mentions the fact factories are flooded; so it is possible it's a combination of the two.
The pricing is pretty brutal on Newegg. The Spinpoint F3 1TB was $59.99 now it is $79.99. Also the WD Caviar Black 1TB was $89.99, and now it has jumped to $139.99!
    
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post #5 of 26
I was looking for a third 500GB Spinpoint F3 for RAID 0, and thay were $40 more than when I bought the 2 I have.
post #6 of 26
rare earths aren't that expensive so that can't be the problem as most manufacturers have a decent storage of the minerals.
    
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post #7 of 26
It's not about rare earths being expensive...it's the fact that China supplies 95% of the worlds rare earth metals needed for these sorts of things...and they've cut their supply to the world to inflate the prices. So now, electronic manufacturers/vendors are panicking...raising their prices in fear of how high the price on electronics may go up.

So basically, until we get more resources online, we're at the mercy of China as far as electronics go.
    
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post #8 of 26
I have 5.5GBs for storage and 5.5GB for backup, besides my 128GB SSD, so I am good.
post #9 of 26
Quote:
Originally Posted by robwadeson View Post
rare earths aren't that expensive so that can't be the problem as most manufacturers have a decent storage of the minerals.
Quote:
Originally Posted by Allen86 View Post
It's not about rare earths being expensive...it's the fact that China supplies 95% of the worlds rare earth metals needed for these sorts of things...and they've cut their supply to the world to inflate the prices. So now, electronic manufacturers/vendors are panicking...raising their prices in fear of how high the price on electronics may go up.

So basically, until we get more resources online, we're at the mercy of China as far as electronics go.
I also bet part of the increase is just the companies price gouging because they expect a shortage regardless if it happens or not; they already have the drives in stock and they are the same drives they bought and were selling for less. They expect there to be an influx of sales from people in panic fearing a shortage and trying to buy while it's low; raising the price now could deter panic buys, reduce the risk of a true shortage, and keep the market stable overall... Or they could just be trying to cash in early
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post #10 of 26
Quote:
Originally Posted by Deverica Wolf View Post
I have 5.5GBs for storage and 5.5GB for backup, besides my 128GB SSD, so I am good.
I think you mean TB lol
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