HDDs selling for 2-3x the price?

Suggested by others - buy the external enclosed HDDs from the likes of Currys/PC World, those prices haven't risen yet (old stock probably, with the retailers slow to react to price hikes), so you could buy one of these and rip out the HDD - do some research first, they might not have the correct internal connectors; keep the casing, as warranty might be invalidated if you try to claim and send off without the housing.
 
The floods in Thailand have hit the Western Digitial plant in particular. From what I gather they are estimating a drop by as much in 30% in global HDD manufacture for Q4 2011.

About a month ago I bought a 1TB portable hard drive for £50, a couple of days ago I bought another one for £80, it was the cheapest I could find.

We are so used to the prices consistently going down, it was a bit of a shock, though probably not surprising when you consider all the terrible problems with the floods.
 
Just watch Nikon price rise soon too.
Nikon's flood-hit DSLR factory in Thailand will be closed until January but full production is not expected to resume until the end of March 2012, the firm said in a statement today.

The catastrophe is expected to cost the company nearly £200 million in lost profit.

Nikon expects production to 'partially resume' in January and the disaster to cost it 65 billion yen (around £520m) in lost net sales.

Nikon is understood to manufacture around 90% of all its DSLRs and 60% of its interchangeable lenses in Thailand.
 
Cost of rare earth metals was also beginning to affect HDD prices, but on scale negligible to that caused by the flooding
 
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