Neodymium fell to 677,364.50 CNY/T on August 15, 2025, down 0.02% from the previous day. Over the past month, Neodymium's price has risen 16.29%, and is up 39.95% 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 August 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.

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

Manufacturers of permanent magnets may profit from hybrid electric car demand- The automotive industry is experiencing an increase in the utilization of permanent magnets in hybrid electric vehicles. About 2 kg to 3 kg of scares earth magnets are necessary for high-performance hybrid electric vehicles. An internal combustible engine and an electric powertrain are employed to propel hybrid electric vehicles. It is anticipated that the utilization of hybrid electric vehicles will rise in regions with elevated levels of pollution. In numerous regions, governments are instituting more environmentally favorable electric drive systems. Furthermore, the demand for electric vehicles will be influenced by the current high prices of petroleum. For the duration of the forecast period, this would generate an immense demand for permanent magnets.
Infrastructure development and upgrade is anticipated to drive the Permanent Magnet market's expansion in the years ahead.

Key Restraints for Permanent Magnet Market

Raw material price fluctuations poses a serious threat to the Permanent Magnet industry.
The market also faces significant difficulties related to poor quality control in emerging nations.

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 versa by these magnets. This is accomplished by making use of the repulsion between magnets and regulating electrons. Various varieties of magnets, such as alloy magnets, ferrite magnets, and bonded magnets, are available. Appliances, HVAC systems, actuators, and speakers are among the numerous applications for which they are employed. Growth in the market will be stimulated by the growing demand for magnets in hybrid electric vehicles. An internal combustion generator and an electric motor are installed in hybrid electric vehicles, which necessitate approximately 2 to 3 kilograms of rare earth magnets.