Magnets and Speakers

Magnet is the earth's valuable component and the price of magnet seems to touch the sky these days. Due to this, the manufacturers of sound systems have been in real trouble. The speakers, microphones, mobile cells, etc make the wide use of magnet and due to the rise in price of magnet, this field are in the state of closing the production. As magnet is the most important component in any of the sound related transducers, no other alternative components are yet discovered to replace magnets. This fact is also the real problem for the manufacturers. The magnet inside the earth is not rare in amount but it is very much adverse for the health of people which might cause severe health hazards. So the massive magnet producers like China is risking the health of people fo the cost of money. it has increased the tax on the magnet to 1000% and also prevented to open new extraction from inside the earth.
Neodymium is the core element of the magnet and this element has become the element to wonder for these manufacturers. the size of various products are of great concern. So it is now proposed to reduce the size of the speakers. But for tweeting materials, the power should be high. So it is even proposed to mount the tweeter material to be mounted in between the centre of acoustic materials so as to produce the high tweets. The China is provided with so called the monopoly for the magnet productions by most of the worls powerhouses. So we should be thankful to China for bearing the credit to produce the sound devices and avoid the monotony.