Neodymium Prices
Current Neodymium price: $166.81 per kg.
Price as of Oct 15 2026. 1 The price shown above is the retail price for private investors and is aligned with industry retail pricing. For bulk neodymium purchases, whether for industrial use or investment, please contact us for a quotation.Neodymium price performance over time
Neodymium Historical Price Movement
Neodymium prices are increasingly shaped by the growing role of permanent magnets in electrification, energy transition technologies, and advanced manufacturing.
At today’s price of $166.81 per kg, neodymium is up 11.73% year to date, up 73.58% since the start of 2025, up 47.36% since the start of 2024, and up 156.63% since the start of 2020, when the neodymium price stood at $65.00 per kg.
This reflects neodymium’s central role in permanent magnets used in electric vehicles, wind turbines, electronics, and industrial equipment, combined with a market where supply chains remain concentrated and vulnerable to processing bottlenecks.
Neodymium annual price performance
Neodymium is a rare earth element that is found in the earth’s crust. Its metallic element number is 60 and its chemical symbol is Nd. It is categorized as a lanthanide.
To make a qualified prediction of neodymium’s future pricing trends, let’s first examine its current applications and consider the key countries manufacturing this rare earth element (jump to our forecast here).
Neodymium Uses
Neodymium
Neodymium has been used since the early 1950s to create magnets with higher magnetic properties than those made with iron or other metals. Neodymium magnets, composed of neodymium, iron, and boron (NdFeB), can permanently carry up to 1,300 times their own weight, and are used in a wide range of products, ranging from fridge magnets to aircraft engines.
In electronics, neodymium magnets enable data storage in computer hard drives and deliver clear sound in mobile phone speakers and microphones; key innovations that made today’s lightweight devices possible.
Demand from renewable energy and electric mobility continues to rise: neodymium-iron-boron magnets power wind turbines, hybrid vehicles, and electric cars, making them the largest users of high-performance neodymium magnets worldwide. The element is also gaining traction in next-generation medical devices, such as wearable sensors and magnetically guided therapies, alongside its established uses in MRI machines, surgical lasers, and pacemakers.
Neodymium also has decorative applications, being one of the components used to make beautiful glass with hues ranging from yellow-green to deep violet. It can also be combined with other elements to create items, such as glasses that block infrared radiation, creating goggles for welding and cutting operations.
Its applications and versatility make neodymium one of the most effective rare earth elements available commercially today.Â
Where is Neodymium Produced?
Neodymium is rarely found in nature as a free element. It occurs in mineral ores such as bastnäsite and monazite, which contain a mix of rare earth elements in varying concentrations. While global reserves are estimated at around eight million tonnes, extraction and separation are technically complex and often environmentally challenging, factors that make neodymium both valuable and strategically sensitive.
The main mining regions include China, the United States, Brazil, Russia, Sri Lanka, India, and Australia. However, China dominates production, accounting for roughly 85% of global output, largely due to its advanced refining and separation capacity, rather than mining volume alone.
What Factors Determine the Price of Neodymium?
Like all commodities, the price of neodymium is ultimately driven by supply and demand. Its unique magnetic strength and importance for clean-energy technologies make it one of the most valuable materials in modern industry. As demand for electric vehicles, wind power, and high-efficiency electronics continues to grow, so does demand for neodymium.
The bulk of the global supply still comes from China, which controls roughly 85% of the refining capacity. Beijing’s strategic management of its rare-earth industry, including export quotas and environmental regulations, has historically led to sharp price fluctuations. In 2010, for instance, China restricted rare-earth exports and temporarily halted shipments to Japan following a diplomatic dispute, sending prices soaring.
Today, China’s export policy remains the single biggest influence on neodymium pricing worldwide, making it not just an industrial metal but also a strategic barometer of geopolitical tension.
The graphs below show Argus Media’s forecasts for neodymium’s future price (fob China), demand, and supply.
How to Buy Neodymium
If you Google search “buy neodymium” the first results all sell neodymium magnets. As an investor, you’d have to look for “neodymium oxide”, the powder form, which you’ll find at several online suppliers and marketplaces like Amazon, Alibaba, Etsy, and eBay.
You must realize though that you must purchase from a reputable dealer to ensure the purity. Otherwise, there’s only the possibility of selling again to other hobbyists, meaning you may not profit from any price gains.
Corporate buyers like Tesla, Honda, Ford, Rolls-Royce, and BMW only use licensed metal dealers, like ourselves, to purchase the industry-grade neodymium they need in their production process. We act as a key intermediary between the producers of strategic raw materials and the industry users.
Any serious investor who wants to benefit from future neodymium price increases by buying and physically owning this metal can do this safely through us. We’re the only globally licensed industry supplier offering this to private investors. We sell industry-grade neodymium oxide powder (Nd2O3/TREO) at a minimum of 99.0% purity, the minimum purity form preferred by the aviation, car manufacturing, and wind turbine industries. We also offer safe storage, a requirement if you want to sell again to the market in the future.
Neodymium futures contracts are also traded in the Shanghai Metal Market (SMM).
How to Sell Neodymium
If you own some neodymium oxide powder, you can easily sell it online to other hobbyists at sites like eBay, Amazon marketplace, or Esty. However, you won’t get market rates because industry buyers like Mercedes, GE Aviation, and Chevrolet only buy their industrial-grade neodymium oxide from trusted licensed industry suppliers.
These companies will only transact with a seller that provides documentary evidence of the entire chain of custody, purity reports, and proof of proper storage. Because we’re such an industry metals supplier, we guarantee the fast and safe liquidation of our investors’ neodymium at market rates to the industries using it.