The price is primarily driven by the material grade and magnetic energy product (BHmax). For Neodymium magnets, grades like N35 to N52 see significant price scaling; higher numbers indicate stronger magnetic force and higher cost. Additionally, coating types such as Ni-Cu-Ni (Nickel), Zinc, or Epoxy affect the price, with multi-layer plating being more expensive due to superior corrosion resistance. For flexible magnets, the thickness (e.g., 0.5mm vs 1.5mm) and the quality of the adhesive backing (e.g., 3M brand vs generic) are the main cost drivers.