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 rose to 774,922.50 CNY/T on August 20, 2025, up 5.41% from the previous day. Over the past month, Neodymium's price has risen 29.69%, and is up 58.96% 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.

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).

This statistic represents the annual price of neodymium oxide on a Free-On-Board China basis from 2009 to 2011. In 2009, the price for one kilogram of neodymium oxide came to ***** U.S. dollars. The Chinese Ministry of Commerce imposed export quotas for rare earths in 2010 and 2011.

The neodymium oxide market, currently valued at $305 million in 2025, is projected to experience robust growth, driven by increasing demand across diverse applications. The 7.5% CAGR indicates a significant expansion over the forecast period (2025-2033), reaching an estimated value exceeding $600 million by 2033. Key drivers include the burgeoning renewable energy sector, particularly wind turbines and electric vehicles, which rely heavily on neodymium-based permanent magnets for efficient operation. The electronics industry also contributes significantly, with neodymium oxide utilized in various components like high-performance speakers and precision instruments. Further growth is fueled by advancements in material science leading to improved magnet performance and efficiency, as well as the expansion of applications into emerging technologies like advanced robotics and medical imaging. Segmentation analysis reveals that the glass and ceramic colorant applications represent a substantial portion of the market, while the high-purity 5N grade commands premium pricing. The geographical distribution shows strong presence in Asia Pacific, particularly China, which is a major producer and consumer of rare earth elements, followed by North America and Europe, with growing demand anticipated from developing economies in other regions. Competitive dynamics are shaped by a relatively concentrated landscape, with prominent players such as China Minmetals Rare Earth and other major Chinese companies holding significant market shares. While China dominates the supply chain, diversification efforts by other nations are underway to enhance supply security and reduce reliance on a single source. However, environmental regulations and sustainable sourcing practices are emerging as significant factors that influence the market dynamics and will likely shape future investment and production strategies. The continued growth of green technologies will ultimately shape the future trajectory of the neodymium oxide market, necessitating further research into sustainable mining practices and the exploration of alternative materials to ensure long-term supply chain stability.

The global neodymium oxide sputtering target market is experiencing robust growth, driven by the increasing demand for advanced electronic components and the expansion of semiconductor manufacturing. While precise market size figures aren't provided, considering typical CAGR values for niche materials markets within the semiconductor industry (often ranging from 5% to 15%), and assuming a base year market size of $200 million in 2025 (this is an educated estimation based on related market sizes and growth patterns for similar advanced materials), a conservative CAGR of 8% suggests a market value exceeding $300 million by 2033. This growth is fueled by several key factors. The rising adoption of advanced technologies like 5G and artificial intelligence necessitates high-performance semiconductors, which in turn rely heavily on precise and efficient sputtering target materials. Furthermore, the increasing demand for miniaturized and high-density electronic devices promotes the utilization of neodymium oxide sputtering targets due to their unique material properties enabling superior thin-film deposition. The market is segmented by type (rotatable and non-rotatable) and application (semiconductor, CVD, PVD, and others). The semiconductor sector dominates the application segment due to its significant role in modern electronics manufacturing. Geographical distribution reveals a concentration of market share in North America and Asia-Pacific, with China and the United States representing significant manufacturing and consumption hubs. However, the European and other regional markets are witnessing increased adoption, contributing to the overall market growth. Growth is, however, tempered by certain challenges. The cost of raw materials (neodymium oxide) and the inherent complexity of manufacturing high-quality sputtering targets impose price pressures. Fluctuations in the global supply chain and geopolitical factors can also impact production and pricing. Nevertheless, ongoing research and development efforts focusing on improving target durability, yield, and deposition efficiency are expected to offset these challenges and drive long-term market expansion. Key players in the market actively compete on quality, customization options, and delivery times, further contributing to innovation and market dynamics.

Praseodymium Neodymium Oxide Market Outlook

The global praseodymium neodymium oxide market size is projected to reach USD 3.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2032. In 2023, the market was valued at USD 1.7 billion. The growth in this market is primarily driven by the increasing demand for high-performance magnets, which are essential in various high-tech applications, including electric vehicles (EVs), renewable energy systems, and numerous consumer electronics.

One of the most significant growth factors for the praseodymium neodymium oxide market is the expanding electric vehicle (EV) industry. As the global push towards sustainable and eco-friendly transportation intensifies, the demand for praseodymium neodymium oxide, which is used in the production of powerful permanent magnets for EV motors, is set to surge. These magnets are critical for enhancing the efficiency and power output of electric motors, thereby driving the adoption of praseodymium neodymium oxide in the automotive sector.

The renewable energy sector, particularly wind energy, is another major driver for the praseodymium neodymium oxide market. Wind turbines require strong and lightweight magnets to convert wind energy into electrical energy efficiently. Praseodymium neodymium oxide serves as a key material in these magnets, contributing to the overall efficiency and reliability of wind turbines. As countries worldwide set ambitious renewable energy targets, the demand for these materials is expected to rise significantly.

Additionally, the consumer electronics industry is experiencing a consistent rise in demand for advanced gadgets such as smartphones, tablets, and laptops, which utilize praseodymium neodymium oxide-based magnets for various applications including speakers and hard disk drives. The continuous innovation in electronic products and the integration of advanced magnetic technologies are further propelling the growth of the praseodymium neodymium oxide market.

Regionally, Asia Pacific stands out as the fastest-growing market for praseodymium neodymium oxide, driven by robust industrialization, the presence of large-scale electronics and automotive manufacturing hubs, and significant investments in renewable energy projects. Countries like China, Japan, and South Korea are leading contributors in this region, supported by favorable government policies and substantial R&D investments aimed at enhancing material efficiency and reducing dependency on imports.

Product Type Analysis

The praseodymium neodymium oxide market can be segmented by product type into high purity and low purity praseodymium neodymium oxide. High purity praseodymium neodymium oxide, which is typically characterized by a purity level exceeding 99.9%, is in high demand for applications requiring stringent material specifications. This segment is predominantly utilized in high-performance magnets, advanced ceramics, and specialized catalysts, where even minor impurities can significantly impact the material's performance.

High purity praseodymium neodymium oxide is particularly crucial in the production of high-efficiency electric motors and wind turbines, where superior magnetic properties are essential. The growing demand for electric vehicles and renewable energy solutions is expected to drive substantial growth in this segment. Additionally, the ongoing development of cutting-edge technologies in the electronics and aerospace sectors further bolsters the need for high purity materials.

On the other hand, low purity praseodymium neodymium oxide, with a purity level below 99.9%, finds its applications primarily in bulk materials where the performance requirements are less stringent. This segment is utilized in various conventional applications such as glass coloring and ceramics. Despite its lower value compared to high purity products, the demand for low purity praseodymium neodymium oxide remains steady due to its cost-effectiveness and adequate performance for specific uses.

The production processes for high and low purity praseodymium neodymium oxide also vary significantly. High purity production involves more sophisticated refining techniques and stricter quality control measures to ensure the desired levels of purity. This, in turn, affects the overall cost structure and pricing dynamics within the market. Consequently, stakeholders in this segment often focus on enhancing production efficiency and reducing impurities to meet the evolving demands of high-tech indus

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 global high-purity neodymium oxide market is experiencing robust growth, driven by increasing demand from the permanent magnet materials sector, particularly in the renewable energy and electric vehicle industries. The market is estimated to be valued at $500 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033. This growth trajectory is fueled by several key factors. Firstly, the escalating adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) necessitates larger quantities of high-performance neodymium magnets for motor applications. Secondly, the expanding renewable energy sector, with its reliance on wind turbines and solar power systems, further bolsters demand for neodymium oxide, a crucial component in these technologies. Technological advancements in magnet manufacturing, enabling greater efficiency and miniaturization, also contribute to market expansion. However, the market faces certain challenges. The primary restraint is the inherent volatility in rare earth element pricing, directly impacting neodymium oxide costs. Supply chain disruptions and geopolitical factors concerning rare earth element sourcing can lead to price fluctuations, affecting market stability. Furthermore, the development and adoption of alternative magnet materials could potentially pose a long-term threat to neodymium oxide's market dominance, although this is currently a less significant factor. Despite these challenges, the overall market outlook for high-purity neodymium oxide remains positive, with continued growth projected across various segments, including permanent magnet materials, superconducting materials, and ceramics applications. The Asia-Pacific region is expected to dominate the market, driven by strong demand from China and other rapidly developing economies in the region.

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 dysprosium oxide market, valued at $167.7 million in 2025, is projected to experience robust growth, driven by the increasing demand for high-strength permanent magnets in wind turbines, electric vehicles, and consumer electronics. The compound annual growth rate (CAGR) of 6.7% from 2025 to 2033 indicates a significant expansion of this market. Key application segments like the petroleum, chemical, and metallurgical industries rely on dysprosium oxide's unique properties for catalysis and material enhancement. The rising adoption of renewable energy technologies and the proliferation of electric vehicles are major catalysts, pushing up demand for high-performance neodymium magnets, which often contain dysprosium for improved thermal stability and magnetic properties. Further driving growth are advancements in manufacturing techniques leading to cost reductions and improved purity levels of dysprosium oxide. While supply chain constraints and price volatility of rare earth elements pose challenges, technological innovations aimed at resource efficiency and recycling are mitigating these risks. The market is segmented by type (3N, 4N, 4.5N, 5N), reflecting different purity levels impacting applications and pricing. Regional analysis suggests that Asia Pacific, particularly China, dominates the market due to its significant rare earth reserves and established manufacturing capabilities, though North America and Europe are expected to witness considerable growth fueled by increasing government support for clean energy initiatives. The competitive landscape is characterized by several key players, including China Minmetals Rare Earth, Longyi Heavy Rare-Earth, and others, primarily concentrated in China. However, efforts to diversify sourcing and refine dysprosium oxide outside China are gaining momentum, particularly in North America and Europe, driven by geopolitical factors and supply chain diversification strategies. The market is likely to see consolidation and strategic partnerships in the coming years as companies strive to secure their supply chains and expand their market share. The forecast period (2025-2033) promises sustained growth, though fluctuations are expected in response to global economic conditions and technological advancements. The higher purity grades (4.5N and 5N) are expected to experience faster growth due to their importance in high-end applications such as aerospace and defense.

The neodymium oxide market is experiencing robust growth, projected to reach a market size of $294.3 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 7.2% from 2025 to 2033. This expansion is driven by the increasing demand for neodymium magnets in various applications, particularly within the burgeoning renewable energy sector (wind turbines and electric vehicles), advanced electronics (high-performance motors and speakers), and medical technology (MRI machines). Technological advancements leading to improved magnet performance and efficiency further fuel this market growth. Strong growth in Asia, particularly in China, a major producer and consumer of rare earth elements, significantly contributes to the overall market expansion. Competitive pressures among key players like China Minmetals Rare Earth, Longyi Heavy Rare-Earth, and Ganzhou Rare Earth Mineral Industry are driving innovation and price optimization. However, challenges remain, including price volatility of raw materials and potential supply chain disruptions related to geopolitical factors and resource scarcity. Furthermore, environmental concerns related to rare earth mining and processing are prompting the industry to adopt more sustainable practices. The forecast period (2025-2033) anticipates continued growth, albeit with potential fluctuations based on global economic conditions and technological breakthroughs. The historical period (2019-2024) likely exhibited a similar growth trajectory, though the exact figures are not provided. Considering the strong drivers and relatively stable CAGR, a conservative estimation suggests that the market size in 2024 was approximately $200 million, indicating substantial growth over the past few years. Further growth is likely to be influenced by government policies promoting renewable energy adoption and technological advancements that improve the efficiency and application scope of neodymium magnets. These factors collectively suggest a promising outlook for the neodymium oxide market in the coming years, presenting opportunities for established players and new entrants alike.

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.

Neodymium Oxide Market Outlook

According to the latest research conducted in 2025, the global neodymium oxide market size reached USD 2.35 billion in 2024, reflecting the growing demand for rare earth elements across diverse industries. The market is projected to expand at a robust CAGR of 7.8% during the forecast period, with the total market value forecasted to reach USD 4.67 billion by 2033. This growth trajectory is primarily fueled by the increasing utilization of neodymium oxide in high-performance magnets, advanced electronics, energy storage solutions, and optical applications. As industries worldwide continue to embrace green technologies and digital transformation, the demand for neodymium oxide is expected to witness a sustained upward trend.

One of the most significant growth drivers for the neodymium oxide market is its critical role in the manufacturing of high-strength permanent magnets, particularly neodymium-iron-boron (NdFeB) magnets. These magnets are essential components in electric vehicles (EVs), wind turbines, and various consumer electronics, all of which are experiencing exponential growth. The global shift toward renewable energy and electrification, especially in automotive and energy sectors, is creating unprecedented demand for neodymium oxide. Additionally, technological advancements in magnet manufacturing are enhancing efficiency and reducing costs, making neodymium-based products more accessible to a broader range of applications. The increasing adoption of smart devices and the proliferation of Internet of Things (IoT) technologies further amplify the need for neodymium oxide in miniaturized, high-performance electronic components.

Another pivotal factor contributing to the market’s expansion is the rising use of neodymium oxide in the glass and ceramics industry. Neodymium oxide is widely employed as a colorant and dopant to impart unique optical properties to glass, ceramics, and optical fibers. The material’s ability to filter infrared and ultraviolet light, as well as enhance color consistency, makes it highly desirable in the production of specialty glass for lasers, camera lenses, and scientific instruments. The burgeoning demand for advanced optical devices in telecommunications, healthcare, and research sectors is expected to propel the consumption of neodymium oxide. Furthermore, the ongoing innovation in glass and ceramics manufacturing processes is likely to unlock new application avenues, thereby sustaining the market’s momentum.

The robust growth of the electronics and energy storage industries is also playing a vital role in driving the neodymium oxide market. The rapid expansion of the consumer electronics sector, coupled with the increasing integration of neodymium-based components in batteries, fuel cells, and capacitors, is creating lucrative opportunities for market participants. As countries intensify their efforts to achieve carbon neutrality, the demand for efficient energy storage and conversion technologies is set to rise sharply. Neodymium oxide, with its exceptional magnetic and optical properties, is well-positioned to meet the evolving needs of these high-growth sectors. Additionally, supportive government policies, research funding, and strategic investments in rare earth supply chains are expected to further bolster market growth over the forecast period.

From a regional perspective, Asia Pacific remains the undisputed leader in the global neodymium oxide market, driven by the dominance of China in rare earth mining and processing. The region accounts for over 62% of the total market share in 2024, with rapid industrialization, expanding electronics manufacturing, and robust investments in renewable energy infrastructure. North America and Europe are also witnessing significant growth, fueled by the rising adoption of electric vehicles, renewable energy projects, and stringent environmental regulations. Latin America and the Middle East & Africa, though currently holding smaller shares, are expected to emerge as high-potential markets owing to increasing investments in mining, energy, and advanced manufacturing sectors. The global neodymium oxide market is thus characterized by a dynamic regional landscape, shaped by diverse industrial priorities and resource endowments.

High Purity Neodymium Oxide Market Outlook

The global high purity neodymium oxide market size was valued at approximately USD 1.2 billion in 2023 and is projected to reach USD 2.5 billion by 2032, growing at a robust CAGR of 8.5% during the forecast period. A key growth factor driving this market is the increasing demand for high-performance magnets in various high-tech applications, especially in the renewable energy and automotive sectors.

One of the primary growth drivers for the high purity neodymium oxide market is the escalating demand for permanent magnets, particularly neodymium-iron-boron (NdFeB) magnets. These magnets are pivotal in the production of electric vehicles (EVs), wind turbines, and various electronic devices. As the world grapples with the urgency of transitioning to sustainable energy solutions, the demand for wind turbines and EVs has surged dramatically, subsequently driving the need for high-performance NdFeB magnets. These developments directly impact the demand for high purity neodymium oxide, which is a critical raw material in their manufacture.

Another significant factor contributing to the market growth is the rapid expansion in the electronics industry. The global electronics market has been witnessing exponential growth, propelled by advancements in technology, increasing consumer demand for smart devices, and the proliferation of the Internet of Things (IoT). High purity neodymium oxide is extensively used in various electronic components such as sensors, transducers, and actuators, which are integral to modern electronic devices. This expanding application base is fostering the growth of the market.

Additionally, the burgeoning healthcare sector is showing an increased utilization of high purity neodymium oxide. This compound is used in various medical imaging devices and diagnostic tools, including MRI machines. The rising prevalence of chronic diseases and the growing need for advanced diagnostic tools are driving the demand for these medical devices, thus boosting the market for high purity neodymium oxide.

The regional outlook for the high purity neodymium oxide market reflects the dominance of Asia Pacific, owing to its strong industrial base and extensive manufacturing activities. Countries like China and Japan are at the forefront, driven by their robust electronics and automotive industries. North America and Europe are also significant markets, with substantial investments in renewable energy projects and advanced healthcare infrastructure. The Middle East & Africa and Latin America are expected to witness moderate growth, primarily due to emerging industrialization and an increasing focus on sustainable energy solutions.

Purity Level Analysis

Analyzing the purity levels, the high purity neodymium oxide market is segmented into 99.5%, 99.9%, 99.99%, and others. The 99.99% purity level segment is anticipated to witness the highest growth rate, driven by its extensive application in high-end technological and scientific domains. This ultra-high purity neodymium oxide is crucial for producing high-performance magnets used in critical applications such as aerospace, defense, and advanced medical devices. The stringent quality requirements in these sectors necessitate the use of the highest purity levels, thereby propelling the demand for 99.99% purity neodymium oxide.

The 99.9% purity level segment is also expected to hold a significant market share. This level of purity is widely used in the electronics and automotive industries, given its balance between cost and performance. High purity neodymium oxide at 99.9% is essential for manufacturing various components that require optimal magnetic properties, such as hard disk drives, electric motors, and sensors. The ongoing advancements and increasing production in these industries are driving the demand for this segment.

Neodymium oxide with 99.5% purity is primarily used in applications where ultra-high purity is not a critical requirement but functional efficiency is still essential. This segment finds considerable application in ceramics and glass manufacturing, where it is used as a colorant and in the production of glass lasers. The robust growth in the ceramics and glass industries, driven by increased construction activities and consumer demand for decorative items, is supporting the demand for this purity level.

Other purity levels of neodymium oxide, while not as dominant, still contribute significantly to the market. These variants are often used in experimental and developmental

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The neodymium oxide (Nd₂O₃) nanoparticle market is experiencing robust growth, projected to reach a market size of $146.1 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 5.8% from 2025 to 2033. This expansion is driven by the increasing demand for Nd₂O₃ nanoparticles across diverse applications, particularly in magnetic applications, optics and photonics, and catalysis. The unique magnetic properties of neodymium oxide nanoparticles make them highly suitable for advanced magnetic storage devices, high-performance magnets, and magnetic resonance imaging (MRI) contrast agents. Simultaneously, their optical properties are being leveraged in lasers, optical fibers, and various photonic devices. The catalytic applications of Nd₂O₃ nanoparticles are also expanding, owing to their effectiveness in various chemical reactions, leading to increased adoption in industrial processes. Furthermore, emerging applications in biomedical and biotechnological fields, such as drug delivery and biosensors, are further fueling market growth. Competition is relatively diverse, with a mix of established players and emerging companies contributing to innovation and expansion within this specialized nanomaterials sector. The market segmentation reveals significant opportunities across different nanoparticle types, including Neodymium Oxide (Nd₂O₃) Nanoparticles, Nanocrystals, Neodymium-Doped Nanoparticles, Core-Shell Nanoparticles, and Neodymium-Based Composite Nanoparticles. Geographical analysis shows strong market presence in North America and Europe, driven by established industries and research infrastructure. However, the Asia-Pacific region is projected to witness rapid growth in the coming years, fueled by increasing investments in advanced materials research and manufacturing within countries like China, India, and South Korea. The continued development of novel applications, particularly within the biomedical sector and advancements in materials science, promises to sustain this positive trajectory for the foreseeable future. Challenges might include fluctuations in raw material prices and regulatory hurdles associated with nanomaterial handling and application. However, the overall outlook remains optimistic given the expanding scope of applications and strong technological advancements within the field.

This record consists of three main files:

1. Compilation of historic prices of rare earth oxides and their co-products (2013-2025); (XLSX)
2. Average prices of rare earth oxides and their co-products (2014-2025); (CSV)
3. Average prices of rare earth oxides and their co-products (2013-2022); (CSV)

Two support files (SF) illustrate the data processing from the compilation of the historic prices to the calculation of average prices (XLSX).

These prices were originally compiled for the life cycle assessment of rare earth oxides and rare earth magnets. In particular, the average prices are intended as inputs to calculate the economic allocation factors for the multifunctional processes in the rare earth product system.