One more point worth considering: Maybe there's a problem with the local market?
In my local market, I have no problems getting 1% resistors and sometimes there's a larger choice of 1% resistors compared to 5% resistors. It's not always the question of can it be made but will people buy it too. Maybe your merchants for some reason believe that not enough people will buy 1% resistors, so they don't bother having them in stock (Basically what's it worth to them to have a part in stock when others sell well enough?) or they may be just lazy*. Maybe very small amount of people actually expressed their desire to use such resistors. Maybe people are so used to 5% resistors that they don't feel the need buy more expensive resistors since they haven't actually had the chance to see them in action.
Perhaps there's a non-obvious way for those resistors to enter your local market? Here where I am, we have companies that specialize in obtaining components which nobody else has in stock in amounts low enough so that working directly with foreign distributor would be too expensive.
Since we know that 1% and better resistors are commonly available in some parts of the world, the reason could be something specific to your market.
*For the end a short story about human nature possibly related to this issue: I lived in another country for several years and found there a brand of printers that I like very much. When I returned to my homeland, I noticed that nobody even heard of that brand. It so happened that I stumbled upon the office of the distributor for that brand and talked to them for a while. I was basically told that they're not expanding since they already have enough customers to sustain their company and that they don't want to bother having more customers than it's necessary for them to continue existing.
Disclosure: I currently work for one of the manufacturers mentioned, I completed an internship with a second, and I know current and former employees of a third. I can't reveal specifics but I can give some general reasons why ICs have variable costs and prices. I also can't speak about the specific ICs mentioned -- even if I knew why my company's version is priced the way it is and could reveal that information, I couldn't possibly know why other companies priced theirs differently.
There are many reasons -- both technical and non-technical -- why the price of one manufacturer's IC may be significantly higher than another's. Below are some of the major ones. Some or all of these may be true for a particular case, and manufacturers may be in different price positions for different IC types (e.g. op amps, ADCs, voltage regulators, etc.).
Technical Reasons
Fab/Assembly
Every manufacturer has a different fab process (actually many processes), and the process used by a manufacturer may have better performance for a particular application or the process may be more expensive (which of course drives up the cost and price of the final IC).
Even with identical processes and circuitry, though, the materials used in the assembly of the IC can vary in performance and cost. For example, a higher quality mold compound reduces stress on the die and therefore improves performance over temperature...at an increased manufacturing cost. To further reduce stress on the die a polyimide layer may be added. Another material choice that can affect performance and cost is the wire bond material -- for example, it is easier to meet or exceed qualification standards (e.g. temp cycle) with gold wire but gold is more expensive than copper. The added cost of higher quality materials may be important for applications which require long lifetimes, severe temperature swings, etc., but would be an unnecessary expense for shorter term applications with little temperature variation.
Test
Production test also has a large effect on overall cost and quality. Virtually every IC requires some sort of trim (e.g. laser trimming) for at least an internal bandgap voltage reference or oscillator, and possibly for offset reduction, gain correction, etc. Adding additional trims and/or trim bits can improve the performance of the trimmed IC at the cost of increased test time (which is increased test cost). Trim may also require the addition of non-volatile memory, which may require additional data retention tests that also increase the test time. The fab process may even dictate whether trimming is done at wafer probe or final test (i.e. after the die is packaged); wafer probe generally has higher throughput (so it's cheaper) and allows the manufacturer to throw out bad die before spending money packaging it, which of course reduces overall cost of test.
Also, while every IC is tested (at the very least for continuity) overall test coverage can vary. Some applications like defense, automotive, or medical require very low or 0 DPPM, which requires the manufacturer to fully test all electrical parameters (possibly over temperature, which significantly increases test cost). Other applications do not require such low DPPM and the manufacturer may choose not to test in production certain electrical parameters which demonstrated a high \$C_{pk}\$ during characterization, especially if those parameters have a long test time or require more expensive tester equipment. Skipping these tests can result in a significant cost and price reduction with very low but non-zero risk (due to the high \$C_{pk}\$) of passing a die that does not meet the spec, which may be worth it to customers in less critical applications.
Non-technical Reasons
One non-technical factor affecting price is which manufacturer was the first to market. This manufacturer has a temporary monopoly or near monopoly and can command a higher price. This manufacturer may spend less time optimizing their production for lower cost in order to be first to the market. Manufacturers which enter the market later tend to optimize for cost to undercut the manufacturer that was first to market since a customer will not switch to a different manufacturer for an identical or nearly identical IC at the same price. The manufacturer who was first to market may still be able to command a higher price if they have established design wins with large customers who do not wish to qualify a new manufacturer's IC even if the new IC is offered at a lower price.
Also, a manufacturer's prior relationships with major customers and perceived reputation can allow it to charge a higher price. Major customers may be willing to pay extra if they have an established relationship with a manufacturer's support teams and/or if the customer(s) have had quality problems with a different manufacturer in the past.
In short
Ultimately, a manufacturer's price depends on which market it is targeting: some customers are relatively low volume but have very high quality needs and are willing to pay for it (e.g. military, automotive, and medical) whereas other customers have much higher volumes and every penny counts. ICs manufactured for critical applications depend on higher margins to make up for relatively low volume, use better quality materials, have more extensive test coverage, etc. ICs manufactured for less critical but higher volume applications optimize cost to deliver lower priced ICs which make up for the lower margins with much higher volumes.
Best Answer
Although tantalum is not one of the rare earths -- it is one of the "transition metals", like gold -- tantalum's scarcity (1 or 2 ppm of the earth's crust) and primary use in electronics (tantalum capacitors) fits in with the scope of this question.
Recent legislation in the US (July, 2010) requires companies to disclose if they are using products with tantalum obtained from the Democratic Republic of the Congo (DRC). As a result, prices have risen sharply as other producers come slowly back on-line. One mine in Australia represents 1/3 of the potential global world production.
(Note: vertical scale of the graph doesn't start at zero, it gives a slightly distorted look. Full size graph is here)
Because electrolytic tantalum capacitors can be much smaller than aluminum electrolytic capacitors of the same capacity, and have higher voltage ratings, they are used in almost all cell phones, and in other portable electronic equipment.
I designed in a couple of 1000 µF "tants" into a product a couple of years ago, and recently the contract manufacturer contacted us saying that the lead time on the parts had stretched out to 16 weeks and asked if I could find a substitute. As a result of this exercise, in my latest design I went back to surface-mount aluminum electrolytic capacitors, even though there was a significant space penalty.