Neodymium fell to 785,000 CNY/T on August 29, 2025, down 0.01% from the previous day. Over the past month, Neodymium's price has risen 20.31%, and is up 55.75% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Neodymium Rare Earth - values, historical data, forecasts and news - updated on September of 2025.

The price of the rare earth oxide neodymium oxide was 49,763 U.S. dollars per metric ton in 2020. By 2030, the price of neodymium oxide is expected to increase to 45,500 U.S. dollars per metric ton.

This statistic depicts the prices of selected rare earth oxides from 2008 to 2013, in U.S. dollars per kilogram. In 2008, neodymium cost ** U.S. dollars per kilogram. Rare earth supply in the United States are largely dependent on imports, primarily from China. Rare earth elements today are commonly used in automobile catalysts and petroleum refining catalysts, televisions, magnets, batteries, and medical devices.

Rare earths

A rare earth element or metal includes the fifteen lanthanides as well as scandium and yttrium. These elements are quite common within the Earth’s crust, however, they tend to be widely distributed due to their properties. There was approximately *** million metric tons of rare earth reserves worldwide as of 2013, with ** million metric tons located in China alone. Rare earth oxides in particular are usually an opaque black or dark brown color and often streaked with brown. They are also often coated in an earthy surface alteration which is part of the mineral.

Rare earth metals are often used within the nuclear industry for practical and experimental applications. They can also be used for ceramics, dyes, lasers, and electric components. In 2011, ** percent of mined rare earth material was used in magnets and metal alloys each, catalysts accounted for another ** percent of the global application share. Molycorp, Inc of the United States and Iluka Resources Ltd, headquartered in Australia, are among the world’s largest rare earth companies, totaling *** million U.S. dollars and around two billion U.S. dollars, respectively, in market capitalization as of *************.

The NdFeB Permanent Magnetic Materials market is experiencing robust growth, projected to reach a market size of $14,570 million in 2025, exhibiting a compound annual growth rate (CAGR) of 8% from 2019 to 2033. This expansion is driven by the increasing demand for high-performance magnets in diverse applications, including electric vehicles (EVs), wind turbines, and consumer electronics. The automotive sector, particularly the burgeoning EV market, is a major contributor to this growth, necessitating powerful and efficient magnets for electric motors. Furthermore, advancements in material science and manufacturing processes are leading to the development of even stronger and more cost-effective NdFeB magnets, further fueling market expansion. Stringent environmental regulations promoting energy efficiency are also indirectly boosting demand. Competitive pressure amongst leading manufacturers such as NEOMAX, Vacuumschmelze GmbH & Co. KG, TDK, Shinetsu, ZHONG KE SAN HUAN, Zhmag, Proterial, Ltd, and Ningbo Yunsheng is driving innovation and price competitiveness. However, the market faces certain challenges. Price volatility of rare earth elements, a key component in NdFeB magnets, poses a significant risk. Concerns surrounding the environmental impact of rare earth mining and processing are also prompting efforts towards developing more sustainable alternatives and recycling programs. These factors, while currently manageable, require proactive strategies from market players to ensure long-term growth and sustainability. The market segmentation (while not provided) likely includes various magnet grades and applications, each with its unique growth trajectory influenced by technological advancements and specific industry demands. Geographic distribution will likely show strong growth in Asia-Pacific driven by manufacturing hubs and increasing domestic consumption, followed by North America and Europe. The forecast period of 2025-2033 promises continued strong growth, subject to effective management of supply chain risks and technological advancements.

The permanent magnet rod market is experiencing robust growth, driven by increasing demand across diverse sectors. The market's value, estimated at $500 million in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033, reaching approximately $900 million by 2033. This expansion is fueled by several key factors. The automotive industry's ongoing transition towards electric vehicles (EVs) significantly boosts demand for high-performance permanent magnets in electric motors. Additionally, the proliferation of automation and robotics in manufacturing and other industries creates a significant need for precise and efficient magnet systems, further driving market growth. Renewable energy technologies, particularly wind turbines and solar power systems, also rely heavily on permanent magnet rods for energy generation and control, contributing to the market's expansion. Furthermore, advancements in material science are leading to the development of stronger and more efficient permanent magnet materials, enhancing the performance and reliability of these components across various applications. However, certain restraints could impede market growth. The fluctuating prices of rare-earth elements, critical to the production of high-performance permanent magnets, pose a significant challenge. Supply chain disruptions and geopolitical instability can also impact availability and cost. Moreover, the increasing focus on sustainable and environmentally friendly manufacturing processes requires manufacturers to adopt eco-conscious practices, adding to their operational costs. Despite these challenges, the long-term outlook for the permanent magnet rod market remains positive, driven by technological advancements and sustained demand from key sectors. Companies like Permanent Magnets Ltd, Essentra Components, and IMA are strategically positioned to benefit from this growth, leveraging their expertise in manufacturing and innovation to cater to the evolving needs of their clients. The regional distribution likely shows strong growth in Asia-Pacific due to the region's burgeoning manufacturing sector and growing demand for electric vehicles.

The NEV (New Energy Vehicle) Permanent Magnet market is experiencing robust growth, driven by the surging demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs) globally. The increasing adoption of EVs, propelled by government regulations promoting sustainability and the falling costs of battery technology, is a primary catalyst. Within the NEV Permanent Magnet segment, NdFeB magnets dominate due to their superior magnetic properties and cost-effectiveness compared to SmCo magnets. However, concerns regarding the supply chain stability of rare-earth elements like neodymium and dysprosium, crucial components of NdFeB magnets, are leading to increased research and development efforts focusing on alternative magnet materials and improved recycling processes. This market is segmented by application (Commercial Vehicles and Passenger Vehicles) and type (NdFeB, SmCo, and Others). The Passenger Vehicle segment currently holds a larger market share but the Commercial Vehicle segment is expected to witness faster growth due to the increasing electrification of buses, trucks, and other commercial fleets. Major players like Proterial, TDK Corporation, and Vacuumschmelze GmbH & Co. KG are strategically investing in capacity expansion and technological advancements to meet the growing demand and maintain their market positions. Geographic growth is widespread, with Asia-Pacific, particularly China, currently leading in market share, followed by North America and Europe. However, other regions are expected to see significant growth as EV adoption increases. The market's growth is projected to continue at a healthy CAGR, albeit with potential fluctuations depending on global economic conditions and raw material price volatility. The competitive landscape is highly dynamic, with both established players and emerging companies vying for market share. Innovation in magnet design and manufacturing processes is crucial for maintaining a competitive edge. Companies are focusing on enhancing the energy density and efficiency of their magnets to improve the range and performance of EVs. Furthermore, sustainability concerns are driving the adoption of environmentally friendly manufacturing practices and recycling technologies within the industry. Future market growth will depend on continued advancements in battery technology, the development of more efficient electric motors, and supportive government policies promoting the widespread adoption of EVs globally. The long-term outlook remains positive, anticipating sustained growth fueled by the ongoing global shift towards electric mobility.

Organic acid-based bioleaching has attracted significant research interest for the recovery of rare earth elements (REEs) and other critical metals. Utilizing biologically produced leaching agents, known as biolixiviants, derived from waste materials holds great promise for enhancing the economic viability and environmental sustainability of bioleaching processes. This study focuses on the modeling and optimization of biolixiviant production using corn stover (CS), date palm clippings (DP), and nonrecyclable paper (NP). Techno-economic analysis revealed that gluconic acid production from NP is more cost-effective than that from CS and DP, with respective costs of $0.04/kg, $0.06–0.08/kg, and $0.06–0.09/kg of the biolixiviant, yielding gluconic acid concentrations of 135.39, 172.90, and 176.87 mM, respectively. Life cycle assessment demonstrated that biolixiviant production from NP exerts the lowest environmental impact compared with the other evaluated substrates. When applied to the bioleaching of a neodymium–iron–boron magnet swarf, the biolixiviant derived from NP exhibits the highest leaching efficiencies, confirming its cost and environmental competitiveness in comparison to CS and DP.