Neodymium rose to 742,500 CNY/T on December 1, 2025, up 5.32% from the previous day. Over the past month, Neodymium's price has risen 9.19%, and is up 43.90% 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 December 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.

In the fourth quarter of 2023, the price of praseodymium neodymium alloy in China reached 61795 USD/MT. It encompasses an in-depth review of spot price of praseodymium neodymium alloy at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of praseodymium neodymium alloy price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

Get the latest insights on price movement and trend analysis of Neodymium Oxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Explore the dynamic price history of neodymium, a crucial rare earth element, influenced by supply chain constraints, geopolitical factors, and rising demand from high-tech sectors like electronics and renewable energy. Understand how these elements shape the rare earth market and anticipate future price trends amidst global trade tensions.

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Neodymium (NdFeB) Magnets Market Size 2025-2029

The neodymium (ndfeb) magnets market size is forecast to increase by USD 7.65 billion, at a CAGR of 8.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing focus on renewable energy sources and the surging demand for Electric Vehicles (EVs). These magnets are essential components in wind turbines and EV motors, making them indispensable in the transition towards cleaner energy solutions. However, the high cost of production poses a considerable challenge for market participants. The manufacturing process of NdFeB magnets involves the use of rare earth elements, which are scarce and expensive. This scarcity, coupled with the complex production process, contributes to the high production costs. To capitalize on the market opportunities, companies must explore cost-effective production methods and seek alternative sources for rare earth elements. Additionally, collaborations and partnerships with raw material suppliers and technology providers can help mitigate the production cost challenge and ensure a steady supply of raw materials. In summary, the market is poised for growth due to the increasing demand from renewable energy and EV sectors, but the high production costs present a significant challenge that requires innovative solutions and strategic partnerships.

What will be the Size of the Neodymium (NdFeB) Magnets Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleNeodymium magnets, also known as NdFeB magnets or rare-earth magnets, continue to dominate the magnetic market due to their exceptional magnetic properties and versatile applications. These magnets, primarily composed of neodymium, iron, and boron, exhibit high magnetic moment, strong magnetic field strength, and high energy product. The market dynamics of neodymium magnets are continually evolving, driven by advancements in technology and increasing demand across various sectors. In generator applications, neodymium magnets enhance the efficiency of wind turbines and electric motors. Magnetic bearings and magnetic levitation (maglev) systems utilize these magnets for their ability to support loads without physical contact, ensuring smooth operation and reducing wear and tear. Hall effect sensors and magnetic moment sensors benefit from the magnetic properties of neodymium magnets, enabling precise measurement and control in various industries. Quality control measures, such as hysteresis loop analysis and magnetic flux leakage detection, ensure the consistency and reliability of these magnets. Neodymium magnets find extensive use in consumer electronics, automotive applications, and medical devices. Their temperature stability makes them suitable for data storage systems and waste management applications. In addition, they are used in magnetic separation processes, magnetic shielding, and precision machining. The magnetic properties of neodymium magnets, including their high magnetic field strength and magnetic flux density, make them essential in motor applications and magnetic field sensors. Furthermore, their environmental impact and manufacturing processes, such as powder metallurgy and injection molding, continue to be areas of research and development. The supply chain for neodymium magnets is complex, with raw materials sourced from various regions and subject to price volatility. Bonded NdFeB magnets and sintered NdFeB magnets cater to different market needs, with the former offering better dimensional stability and the latter providing higher energy product. As the market for neodymium magnets continues to grow and evolve, the demand for advanced magnetic materials, manufacturing techniques, and quality control measures will persist. The ongoing research and development in this field will undoubtedly lead to new applications and innovations, further solidifying the importance of neodymium magnets in various industries.

How is this Neodymium (NdFeB) Magnets Industry segmented?

The neodymium (ndfeb) magnets industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeSinteredBondedEnd-userAutomotiveElectronicsPower generatorsMedical industryOthersGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKAPACAustraliaChinaIndiaJapanSouth KoreaRest of World (ROW)

By Type Insights

The sintered segment is estimated to witness significant growth during the forecast period.Neodymium magnets, specifically sintered NdFeB magnets, are renowned for their magnetic properties and efficiency in various industries. Manufactured through the process of compressing and heating a mixture of NdFeB, iron, and boron

Global Neodymium Rare Earth Magnets market size 2025 was XX Million. Neodymium Rare Earth Magnets Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

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Rare Earth Metals Market Size 2025-2029

The rare earth metals market size is forecast to increase by USD 3.78 billion at a CAGR of 9.1% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand for electronic appliances and personal equipment, driven by global consumer trends and technological advancements. This demand is further fueled by the expansion of production capacities and the emergence of alternative suppliers, which are aiming to reduce dependence on traditional sources. However, market growth is not without challenges. Demand-supply imbalances persist due to the complex and often unpredictable nature of rare earth metal mining and production. Moreover, the rise of substitutes, such as recycling and the development of new technologies, is posing a threat to market players. Companies seeking to capitalize on market opportunities must stay abreast of these trends and navigate challenges effectively by investing in research and development, exploring alternative supply chains, and collaborating with industry partners to ensure a stable and sustainable supply of rare earth metals.

What will be the Size of the Rare Earth Metals Market during the forecast period?

Request Free SampleRare earth metals, a group of 17 elements on the periodic table, play a crucial role in various industries, particularly in consumer equipment, catalyst systems, and green technology. These metals are essential for catalyst systems in industrial processes and are key components in magnets used in applications such as permanent magnets in gadolinium magnets and neodymium magnets. The demand for rare earth metals is driven by their use in electric vehicles, electronic appliances, and battery production. The supply chain for these metals is complex, with a significant portion extracted from concentrated deposits. However, resource scarcity and the environmental impact of metal extraction have led to increased focus on recycling efforts. Industrial uses of rare earth metals extend beyond magnets, with applications in battery production, wind turbines, and various other industries. The market dynamics for rare earth metals are influenced by production capacities, demand for specific metals, and the challenges of extracting them from the earth's crust. Catalyst systems, magnet applications, and green technology are just a few areas where rare earth metals contribute significantly. As the world transitions to more sustainable energy sources and electric vehicles become more prevalent, the demand for these metals is expected to grow.

How is this Rare Earth Metals Industry segmented?

The rare earth metals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationPermanent magnetsMetal alloysCatalystsPolishing powderOthersTypeLight rare earth elementsHeavy rare earth elementsOthersProductCeriumDysprosiumErbiumOthersGeographyAPACChinaIndiaJapanSouth KoreaVietnamNorth AmericaUSCanadaEuropeGermanyUKMiddle East and AfricaSouth America

By Application Insights

The permanent magnets segment is estimated to witness significant growth during the forecast period.Rare earth metals, primarily including neodymium, pradymium, dysprosium, gadolinium, terbium, and samarium, are essential components for producing rare earth magnets. These magnets are integral to various high-tech technologies, such as military equipment, consumer electronics, automotive industries, and renewable energy solutions like wind turbines. Neodymium oxide, a rare earth oxide, is a significant component of Neodymium-iron-boron (NdFeB) magnets, which are widely used in applications ranging from audio and video components to automobiles and electric vehicles. China, as a leading consumer and supplier, dominates the market for NdFeB magnets and exports a substantial amount of these magnets. The environmental impacts of rare earth mining, including water contamination and habitat destruction, as well as air contamination, have raised concerns regarding the sustainability of this industry. However, the increasing demand for clean energy and renewable energy sources, such as LED lamps and wind turbines, necessitates the continued production and capacity expansion. Geopolitical factors and the concentration of rare earth deposits in specific regions contribute to supply chain complexities. Furthermore, rare earth magnets play a crucial role in catalyst systems, glass & ceramics, and various other industries. The evolving market dynamics and trends necessitate a comprehensive of the market and its implications on various industries.

Get a glance at the market report of share of various segments Request Free Sample

The Permanent magnets segment was valued at USD 1.36 billion in 2019 and showed a gradual inc

According to Cognitive Market Research, the global neodymium market size will be USD 6240 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.60% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1560.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1310.40 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 2745.60 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 237.12 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 249.60 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 137.28 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2025 to 2033.
Catalysts is the fastest growing segment of the neodymium industry

Market Dynamics of Neodymium Market

Key Drivers for Neodymium Market

Expanding Electric Vehicle (EV) Business to Boost Market Growth

The most significant driver propelling the neodymium industry is the rapidly expanding electric vehicle (EV) sector. As agencies throughout the world work to reduce greenhouse gas emissions, the automobile industry is quickly moving through electric and hybrid cars. Because neodymium magnets can produce massive magnetic fields with excellent efficiency, they are crucial parts of these vehicles' electrical motor networks. Demand is rising as a result of this shift, and advancements in magnet technology are also being made to improve efficiency and reduce expenses. Consequently, the demand for neodymium is expanding because of the need for electric automobiles. For instance, in February 2025, MP Materials and General Motors established an alliance to create an entirely managed rare earth magnet distribution system in the United States. With a steady manufacturing ramp, MP Materials will use GM's Ultium Services to provide rare earth elements, metal, and completed magnets made in the United States for the electric motors found in the GMC Hummer electric vehicles, Chevrolet Silverado EV, and over a dozen other models.

https://mpmaterials.com/articles/general-motors-and-mp-materials-enter-long-term-supply-agreement-to-scale-rare-earth-magnet-sourcing-and-production-in-the-us/

Increased Need for Electrical Gadgets to Boost Market Growth

The neodymium industry is expanding because of the growing need for portable electronics, including tablets, laptops, and cell phones. Any appliance that enables tracking offerings, digital interaction, or remote computing is considered an electronic device. Neodymium magnets are frequently used in transducers for electronic devices, including laptops, computers, and smartphones. In order to provide powerful sound in a tiny enclosure, they are made to be tiny and lightweight. Thus, the neodymium market is expanding because of the rising demand for electronic gadgets, including laptops, tablet computers, and handsets.

Restraint Factor for the Neodymium Market

Price Fluctuation for Raw Materials, Will Limit Market Growth

One significant barrier is the restricted supply and variable costs of rare earth materials, such as neodymium. Furthermore, sustainability concerns related to rare earth mineral extraction and being processed, such as the creation of hazardous waste and water contamination, may result in more stringent laws and higher production costs. Furthermore, the energy-intensive process of producing rare earth metals increases greenhouse gas emissions, exacerbating worries about global warming. Users and authorities are now paying more attention to these effects and are calling for stronger environmental regulations and sustainable mining methods. These problems can make it more difficult for producers to sustain an adequate inventory of neodymium magnets and impede the expansion of the market.

Market Trends in Neodym...

According to Cognitive Market Research, the global Permanent Magnet market size is USD 45.1 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031. Market Dynamics of Permanent Magnet Market

Key Drivers for Permanent Magnet Market

Increasing Demand for Electric Vehicles (EVs): The transition towards electric mobility is a significant factor driving the need for permanent magnets, especially neodymium-iron-boron (NdFeB) magnets, which are vital for high-efficiency motors in EVs. Governments across the globe are encouraging the adoption of EVs through subsidies and more stringent emission regulations, which is accelerating demand. Furthermore, improvements in battery technology and charging infrastructure are also contributing to this growth. Growth of Renewable Energy Systems: Permanent magnets are essential in wind turbines and various renewable energy systems. The rising emphasis on clean energy solutions has resulted in a greater number of wind farm installations, where permanent magnet generators (PMGs) enhance efficiency and lower maintenance expenses. Additionally, government policies that support investments in renewable energy are further propelling market expansion. Technological Progress in Electronics & Industrial Automation: The surge in consumer electronics, robotics, and automation has heightened the demand for compact, high-performance magnets. The trend towards miniaturization in devices such as smartphones, headphones, and medical equipment depends on robust permanent magnets. Moreover, industrial automation, which includes servo motors and actuators, relies on these magnets for accuracy and energy efficiency.

Key Restraints for Permanent Magnet Market

Volatility in Rare Earth Material Prices: Permanent magnets, particularly those made from NdFeB and samarium-cobalt (SmCo), are significantly dependent on rare earth elements such as neodymium and dysprosium. Variations in supply caused by geopolitical issues (for instance, China’s export limitations) result in price volatility, which in turn impacts production expenses and profitability for manufacturers. Environmental and Regulatory Challenges: The extraction and processing of rare earth elements have considerable environmental repercussions, leading to the implementation of more stringent regulations. Adhering to sustainability criteria raises operational expenses. Furthermore, the recycling of permanent magnets remains inadequately developed, creating long-term risks within the supply chain. Competition from Alternative Technologies: Electromagnets and induction motors are beginning to serve as alternatives in certain applications, thereby decreasing reliance on permanent magnets. Investigations into ferrite and hybrid magnet technologies also present a challenge to the high-cost rare earth magnets, especially in industries where cost is a critical factor.

Key Trends for Permanent Magnet Market

Development of Magnets Without Rare Earth Elements: In light of supply chain vulnerabilities, businesses are turning to alternatives such as ferrite and aluminum-nickel-cobalt (AlNiCo) magnets. Investigations into nanotechnology and composite magnets are focused on minimizing dependence on rare earth materials while ensuring performance remains intact. Enhanced Recycling and Sustainable Approaches: As environmental issues become more pressing, initiatives for magnet recycling are gaining momentum. Companies are creating methods to extract rare earth elements from obsolete electronics and industrial waste, thereby promoting a circular economy. Expansion in Aerospace and Defense Uses: Permanent magnets are being increasingly utilized in aerospace applications, including satellites, radar systems, and electric aircraft. The need for lightweight, high-performance materials in defense and space exploration is propelling advancements in magnet technology. Introduction of the Permanent Magnet Market

An object that remains magnetic in the absence of a magnetizing force, such as a magnetic field or electric current, is understood as a permanent magnet. In the magnet, the magnetic field is generated by the structure of the material. These magnets, which are also referred to as "hard magnets," exhibit a high magnetic field strength, low permeability, and retain their stability in the presence of other magnetic fields. Electricity can be converted to mechanical energy and vice v...

Prices for Neodymium - Aktienkurs including live quotes, historical charts and news. Neodymium - Aktienkurs was last updated by Trading Economics this November 21 of 2025.

According to Cognitive Market Research, the global Sintered Rare Earth Magnets market size was USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.30% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
The Sintered Neodymium-Iron-Boron (NdFeB) Magnets category is the fastest growing segment of the Sintered Rare Earth Magnets industry

Market Dynamics of Sintered Rare Earth Magnets Market

Key Drivers for Sintered Rare Earth Magnets Market

Rising Demand from Electric Vehicles to Boost Market Growth

The market for sintered rare earth magnets is expanding due in large part to the growing demand for electric vehicles (EVs). The adoption of electric vehicles (EVs) has expanded in tandem with the global shift towards cleaner and more sustainable transportation. This has resulted in a greater need for high-performance components like magnets. Neodymium-iron-boron (NdFeB) magnets, in particular, have a greater magnetic strength and can function well in small places. They are sintered rare earth magnets that are vital to the manufacturing of electric motors. These magnets provide powerful magnetic fields with minimal energy consumption, which improves the functionality and energy efficiency of EV motors. The demand for these magnets is also being fueled by the fact that governments all over the world are promoting electric transportation with incentives and policies.

Expansion of Renewable Energy to Drive Market Growth

One major factor propelling the market for sintered rare earth magnets is the rise of the renewable energy industry. The need for wind, solar, and other renewable technologies has increased as a result of the world's transition to greener energy sources. In particular, high-performance magnets are essential to the effective operation of wind turbines, which are a vital part of the infrastructure supporting renewable energy sources. Since they have a high magnetic strength and can operate in harsh environments, sintered rare earth magnets—particularly neodymium-iron-boron (NdFeB) magnets—are crucial components of wind turbine generators. By lowering energy loss and raising turbine efficiency overall, these magnets contribute to the cost-effectiveness and sustainability of renewable energy generation.

Restraint Factor for the Sintered Rare Earth Magnets Market

High Cost of Raw Materials will Limit Market Growth

Since the market for sintered rare earth magnets depends so heavily on rare earth elements like neodymium, praseodymium, and dysprosium, the high cost of raw materials is a major barrier. These components are essential for creating the strong magnetic characteristics that make sintered rare earth magnets appealing for use in a variety of applications, including consumer electronics, wind turbines, and electric cars. However, their high and unstable costs are a result of their scarcity and the difficult extraction procedures. These prices are significantly influenced by China, which holds a large share of the world's supply of rare earth elements. Global price rises might be severe if export regulations, tariffs, or domestic demand in China were to shift.

Impact of Covid-19 on the Sintered Rare Earth Magnets Market

The market for sintered rare earth magnets grew significantly as a result of the COVID-19 outbreak. In the early phases of the epidemic, the market was disrupted by issues with the global supply chain, especially when major manufacturers of rare earth minerals, like China, went through lockdowns and decreased m...

The Praseodymium-Neodymium (NdPr) Metal market is poised for steady expansion, projected to reach a substantial USD 9782.2 million in 2025 and continuing its growth trajectory. This expansion is fueled by the escalating demand for high-performance permanent magnets, crucial components in a wide array of modern technologies. The compound annual growth rate (CAGR) of 3.9% over the forecast period (2025-2033) underscores the market's resilience and its integral role in innovation. Key drivers include the burgeoning electric vehicle (EV) sector, which relies heavily on NdFeB magnets for its electric motors, and the increasing adoption of renewable energy sources like wind turbines, also necessitating powerful magnetic materials. Furthermore, the miniaturization trend in consumer electronics and advancements in medical devices, such as MRI machines, are continuously creating new avenues for NdPr metal applications. The market's segmentation into various purity levels (e.g., ≥99.5%) and applications like permanent magnet materials and non-ferrous alloy additives highlights the diverse needs within the industry, all contributing to a robust market outlook. The market's growth dynamics are further shaped by evolving trends and certain restraints. Emerging trends include advancements in recycling technologies for rare earth elements, aiming to mitigate supply chain vulnerabilities and environmental concerns. Innovations in magnet production, focusing on reducing reliance on heavy rare earth elements while maintaining performance, also represent a significant trend. However, the market is not without its challenges. Geopolitical factors and the concentrated nature of rare earth element mining and processing pose potential supply chain risks and price volatility. Environmental regulations pertaining to rare earth extraction and processing, while necessary for sustainability, can also introduce compliance costs and operational complexities for manufacturers. Despite these restraints, the intrinsic value and indispensable properties of NdPr metal in enabling critical technologies ensure its continued importance and drive sustained market growth. Major players like China Northern Rare Earth and Jiangsu Jinshi Rare Earth Co., Ltd are actively navigating these dynamics to secure market share and drive innovation. This report delves into the dynamic Praseodymium-Neodymium (NdPr) metal market, analyzing its current landscape and forecasting future trajectories. Covering the Study Period: 2019-2033, with Base Year: 2025 and Estimated Year: 2025, the analysis spans the Historical Period: 2019-2024 and projects through the Forecast Period: 2025-2033. The report utilizes market volume in millions of units to provide a tangible understanding of market size and growth.

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