A Radical New Magnet Without Rare-Earth Metals Is About to Change Motors Forever (msn.com) I've been expecting this for a few years now, but this is the first news I've heard on the subject. Physicists have even found new types of magnets recently, and have figured out countless ways to make high performance magnets cheaper, but this looks like the first production versions we might see. Being 200x faster, for 20% of the cost, no rare earths, and even more environmentally friendly to produce, make this one a clear winner. I'd say they've scored a home run, and we can expect to see a lot of other advances made like this, in the very near future.
Think of the things I can stick to my refrigerator now....I have these tiny REMs, they are amazingly strong.