Neodymium fell to 747,500 CNY/T on October 14, 2025, down 0.33% from the previous day. Over the past month, Neodymium's price has fallen 4.78%, but it is still 39.46% higher than a year ago, 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 October of 2025.

In 2030, the price of lanthanum oxide is forecast to be ***** 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 less economically exploitable.

The global rare earth metal market reduced modestly to $6.9B in 2024, falling by -3% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2024: its value increased at an average annual rate of +2.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -1.6% against 2021 indices.

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).

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 Asia-Pacific rare earth metal market reduced to $6.7B in 2024, dropping by -3.1% against the previous year. The total consumption indicated a slight increase from 2012 to 2024: its value increased at an average annual rate of +1.5% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -0.6% against 2021 indices.

As of the end of 2024, the estimated average price for terbium oxide at a minimum purity of 99.99 percent stood at *** U.S. dollars per kilogram. This figure represents a steep decrease compared to the price in previous years.

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.

According to Cognitive Market Research, the global rare earth metals market size will be USD 6324.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 13.50% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 2340.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 11.3% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 1834.19 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 1517.95 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.5% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 240.34 million in 2025 and will grow at a compound annual growth rate (CAGR) of 12.5% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 252.99 million in 2025 and will grow at a compound annual growth rate (CAGR) of 12.8% from 2025 to 2033.
Africa had a market share of around 2.2% of the global revenue and was estimated at a market size of USD 139.15 million in 2025 and will grow at a compound annual growth rate (CAGR) of 13.2% from 2025 to 2033.
Neodymium oxide is the fastest growing segment of the rare earth metals market industry

Market Dynamics of Rare Earth Metals Market

Key Drivers for Rare Earth Metals Market

Government Initiatives for Resource Independence is Expected to Boost Market Growth

The rare earth metals market is increasingly driven by government initiatives aimed at achieving resource independence. Many countries, particularly the US, EU nations, India, and Japan are implementing policies to reduce reliance on Chinese exports, which dominate the global supply. These initiatives include funding domestic mining projects, investing in refining and recycling technologies, and forming strategic alliances for rare earth exploration. Governments are also supporting R&D in developing alternatives and more sustainable extraction methods. Such policies are strengthening local supply chains and stimulating demand for rare earth elements critical to clean energy, defence, and electronics sectors, thereby propelling market growth and fostering technological self-reliance in strategic industries. In March 2024, Australian Strategic Materials (ASM) formed a strategic partnership with global engineering company Bechtel Mining and Metals, Inc. (Bechtel) for its Dubbo Project in New South Wales (NSW). Bechtel will provide Front-End Engineering Design (FEED) services, a crucial step toward the final investment decision. This partnership strengthens ASM's position for new funding opportunities, including with a US government entity.

https://asm-au.com/strategic-partnership-delivers-benefits-for-dubbo-project/”

Advancements in Consumer Electronics to Boost Market Growth

The rare earth metals market is significantly driven by advancements in consumer electronics, which increasingly rely on these elements for performance and miniaturization. Rare earth metals such as neodymium, dysprosium, and terbium are critical components in high-performance magnets, speakers, vibration motors, and batteries used in smartphones, laptops, tablets, and wearables. As consumer demand grows for smarter, faster, and more compact devices, manufacturers are integrating rare-earth-based components to meet functional and design needs. Additionally, the shift toward energy-efficient electronics and high-resolution displays further boosts the demand for these materials. The constant innovation cycle in electronics ensures sustained growth in the rare earth metals market.

Restraint Factor for the Rare Earth Metals Market

Fluctuating Raw Material Prices Will Limit Market Growth

Fluctuating raw material prices act as a significant restraint in the rare earth metals market due to their impact on cost predictability and supply chain stability. These metals are often sourced from a limited number of countries, with China being the dominant supplier. Geopolitical tensions, export restrictions, and environmental regulations can disrupt supply and cause sharp price variations. Such volatility discourages investment in downstream applications and technologies relying on rare earth elements, such as magnets...

In 2023, overseas purchases of rare earth metals were finally on the rise to reach 50 tons after two years of decline.

Graph and download economic data for Import Price Index (Harmonized System): Inorganic Chemicals; Organic or Inorganic Compounds of Precious Metals, of Rare-Earth Metals, of Radioactive Elements or of Isotopes (IP28) from Dec 2024 to Aug 2025 about inorganic, chemicals, harmonized, imports, price index, indexes, price, and USA.

The South Korean rare earth metal market skyrocketed to $9.6M in 2024, increasing by 44% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a pronounced decline.

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.

In 2023, the amount of rare earth metals imported into Uruguay stood at 1 kg, almost unchanged from 2022.

The Rare Earth Metals market, valued at $10.88 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 9.59% from 2025 to 2033. This expansion is driven by the escalating demand from various sectors, primarily the burgeoning renewable energy sector (wind turbines, electric vehicles) and advanced technologies (electronics, magnets). Increased government initiatives promoting clean energy transition and technological advancements further fuel this market's upward trajectory. While supply chain vulnerabilities and geopolitical factors pose potential restraints, ongoing exploration and development efforts, coupled with technological innovations aimed at improving extraction and processing techniques, are mitigating these risks. Market segmentation reveals strong growth in specific applications, likely driven by the high demand for rare earth elements in high-performance magnets and energy-efficient lighting. The market is characterized by a diverse landscape of companies, including both established industry giants and emerging players, leading to dynamic competition focused on securing resources, optimizing production, and enhancing technological capabilities. The geographic distribution shows strong growth potential in Asia-Pacific, driven largely by China's dominance in rare earth processing and manufacturing, and increasing demand from other developing economies. North America and Europe are also expected to witness significant growth, fueled by the increasing adoption of renewable energy technologies and government support for the sector. The competitive landscape is marked by both established players and emerging companies vying for market share. Leading companies are focusing on strategic partnerships, acquisitions, and technological advancements to strengthen their market position. The industry's growth is also influenced by factors like fluctuating prices of rare earth elements, environmental regulations concerning mining and processing, and technological breakthroughs that may lead to the development of substitutes or more efficient use of existing materials. Forecasting the market’s future necessitates close monitoring of geopolitical factors, technological advancements, and the evolving regulatory environment governing rare earth element extraction, processing, and application. The longer-term outlook remains positive, predicated on ongoing technological progress and increasing global adoption of technologies reliant on rare earth metals.

China is the world's largest producer of rare earths by a large margin. In 2024, China's production quota of rare earths amounted to 270,000 metric tons of rare-earth-oxide (REO) equivalent. This figure does not include undocumented production volumes. The following elements are among rare earths: cerium (Ce), dysprosium (Dy), erbium (Er), europium (Eu), gadolinium (Gd), holmium (Ho), lanthanum (La), lutetium (Lu), neodymium (Nd), praseodymium (Pr), promethium (Pm), samarium (Sm), scandium (Sc), terbium (Tb), thulium (Tm), ytterbium (Yb), and yttrium (Y).

In 2024, the Chinese rare earth metal market decreased by -3% to $4.7B, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of +1.9% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $5.2B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

China accounted for the world's largest share of rare earth metal imports in 2023, at more than 56.4 percent of the total global imports of rare earths. Japan and Vietnam were ranked second and third, with nearly 13.6 percent and over 5.2 percent shares of imports, respectively, that year.

In 2024, Myanmar's production of rare earths amounted to an estimated 31,000 metric tons of rare-earth oxide equivalent. This production volume made Myanmar the world's fourth-largest producer of rare earths. The following elements are among rare earths: cerium (Ce), dysprosium (Dy), erbium (Er), europium (Eu), gadolinium (Gd), holmium (Ho), lanthanum (La), lutetium (Lu), neodymium (Nd), praseodymium (Pr), promethium (Pm), samarium (Sm), scandium (Sc), terbium (Tb), thulium (Tm), ytterbium (Yb), and yttrium (Y).

In 2023, supplies from abroad of rare earth metals decreased by -26.6% to 298 kg for the first time since 2019, thus ending a three-year rising trend.