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.

Neodymium traded flat at 647,500 CNY/T on August 1, 2025. Over the past month, Neodymium's price has risen 17.19%, and is up 38.50% 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.

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 price of the rare earth oxide praseodymium oxide is expected to reach some ****** U.S. dollars per metric ton in 2030. In 2011, the price of praseodymium oxide reached a record high, at some ******* U.S. dollars per metric ton.

The neodymium market is experiencing robust growth, projected to reach a significant size by 2033. A Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033 indicates substantial market expansion driven primarily by the increasing demand for neodymium magnets in electric vehicles (EVs), wind turbines, and consumer electronics. The rising adoption of renewable energy technologies, particularly wind power, is a key driver, necessitating large quantities of high-performance neodymium magnets for efficient energy generation. Simultaneously, the global shift towards electric mobility fuels the demand for neodymium magnets in EV motors, contributing significantly to market growth. Furthermore, the expanding consumer electronics sector, with its reliance on smaller, more powerful magnets in devices like smartphones and headphones, consistently adds to the overall demand. While supply chain disruptions and price volatility remain potential restraints, ongoing investments in neodymium mining and processing technologies are expected to mitigate these challenges. The market segmentation shows a strong presence of both established players and emerging companies, indicating a competitive yet dynamic landscape. The leading companies—Arafura Resources, China Rare Earth Holdings Limited, Lynas Rare Earths Ltd, METALL RARE EARTH LIMITED, MP MATERIALS, Peak Rare Earths, Rainbow Rare Earths Limited, HEFA Rare Earth Canada Co Ltd, Australian Strategic Materials Ltd, and others—are strategically positioned to capitalize on the market's growth trajectory. Geographic distribution of the market likely reflects a concentration in regions with significant manufacturing hubs and robust renewable energy initiatives. However, efforts to diversify supply chains and establish mining and processing operations in multiple locations are underway, potentially leading to a more geographically balanced market in the coming years. Ongoing research and development focused on improving magnet efficiency and exploring alternative materials are also shaping the future of the neodymium market, although neodymium's superior magnetic properties are expected to maintain its dominance in several key applications for the foreseeable future. Recent developments include: February 2023: MP Materials and Sumitomo Corporation entered into an agreement to diversify and strengthen rare earth supplies in Japan. Under the agreement, Sumitomo Corporation becomes the exclusive distributor of neodymium and praseodymium (NdPr) oxide produced by MP Materials., November 2022: Arafura Resources Limited signed a supply deal with South Korea's Hyundai Motor Co. and its unit Kia Corp. to supply up to 1,500 metric tons of neodymium-praseodymium (NdPr) oxide per year. Under the agreement, the company will supply contract quantities of NdPr oxide over seven years., August 2022: Australia's Lynas Rare Earths Ltd. expanded capacity at its Western Australia-based Mt Weld mine, which has deposits of neodymium (Nd) and praseodymium (Pr). The company anticipated expansion work to begin by early 2023, with full operation planned for 2024., July 2022: Arafura Resources Limited and GE Renewable Energy signed a non-binding memorandum of understanding (MoU) to jointly cooperate in the establishment of a sustainable supply chain for neodymium and praseodymium (NdPr), which is central to the energy transition.. Key drivers for this market are: Rising Demand for Neodymium Magnets from Wind Energy and Electric Vehicle Industries, Other Drivers. Potential restraints include: Rising Demand for Neodymium Magnets from Wind Energy and Electric Vehicle Industries, Other Drivers. Notable trends are: Automotive Segment to Dominate the Market.

This statistic displays the price development of rare earth oxides globally from 2009 to 2013. In 2011, lanthanum oxide had a price of 98,757 U.S. dollars per metric ton. There are 17 rare earth elements and although they may be fairly abundant in the Earth's crust, often they occur at sparse intervals are are less economically exploitable.

Scandium oxide had the highest average domestic price in China of any rare earth oxide as of March, 2024, at 6,200 yuan per kilogram. On the other side of the scale, Lanthanum oxide had the lowest average price of any rare earth in China at that time, with an average domestic price of 4,000 yuan per metric ton.

The Rare Earth Metals Market Report Segments the Industry by Product Type (Light Rare Earth Elements and Heavy Rare Earth Elements), Element (Cerium, Neodymium, and More), Application (Catalysts, Ceramics, and More), End-Use Industry (Clean Energy, Consumer Electronics, and More), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).