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United StatesQ1 2025
In Q1 2025, neodymium experienced a notable price decrease of $70,407 per metric ton, FOB Shanghai representing a 1.79% drop. This downward trend likely reflects a combination of easing demand pressures particularly from the electric vehicle and renewable energy sectors and improving global supply chains that have rebounded from earlier disruptions. Additionally, increased production in key markets such as China may have contributed to the oversupply, putting further downward pressure on prices. Market sentiment also suggests cautious investor behaviour amid broader economic uncertainties, influencing short-term pricing dynamics for this critical rare earth element.
Q4 2024
In Q4 2024, neodymium experienced a significant price surge, rising by $71,693 per metric ton, FOB Shanghai marking a 5.17% increase. This sharp uptick reflects intensified demand driven by robust growth in the electric vehicle (EV) and renewable energy sectors, particularly for neodymium-based permanent magnets used in high-efficiency motors and wind turbines. Supply constraints, exacerbated by geopolitical tensions and tighter export controls from major producers like China, also contributed to the price escalation. The market’s bullish sentiment underscores neodymium’s critical role in the global energy transition and highlights the growing strategic importance of securing stable supply chains for rare earth elements.
Q3 2024
In Q3 2024, neodymium prices are projected to see a significant rise, increasing by $68,167 per metric ton, FOB Shanghai reflecting a 3.28% price jump. This surge can be attributed to a combination of factors, including increased demand for neodymium in high-tech industries like electric vehicles, renewable energy, and electronics, where it is crucial for the production of powerful magnets. Additionally, supply chain constraints, such as geopolitical tensions and mining challenges, could limit availability, further driving up prices. The ongoing push towards green technologies and clean energy transitions may also contribute to a sustained demand for neodymium, maintaining upward pressure on its market value throughout the quarter.
Q2 2024
In Q2 2024, the price of neodymium has seen a notable decrease of $66,000 per metric ton, FOB Shanghai reflecting a 4.35% drop. This decline could be attributed to a variety of factors such as reduced demand from key industries like electronics and automotive, fluctuations in supply chain dynamics, or changes in the global market conditions. The drop in price might also indicate an oversupply or increased competition from alternative materials, impacting the market’s pricing power. Companies reliant on neodymium for manufacturing, especially in sectors like magnets for electric vehicles and renewable energy, may benefit from the lower costs, although this shift could also signal wider market adjustments or economic uncertainty.
Q1 2024
In Q1 2024, the neodymium market experienced a significant price decrease of $69,000 per metric ton, FOB Shanghai marking a 15.51% drop. This decline is attributed to various factors, including a potential easing of demand in key sectors such as electric vehicles and renewable energy, as well as an increase in production capacity and inventory levels in China, the dominant supplier of rare earth elements. The decrease in neodymium prices reflects a shift in market dynamics, with a balancing of supply and demand pressures, leading to a correction after prior price surges. While the drop may provide some relief to manufacturers reliant on these materials, it also signals a potential slowdown in the aggressive growth of industries heavily dependent on neodymium.
Q1 2025
In Q1 2025, India’s neodymium market experienced a notable price increase of $73,756 per metric ton, CIF Nhava Sheva (China) reflecting a 0.74% rise from the previous quarter. This uptick is attributed to tightening global supply chains and increased demand in sectors such as electric vehicles (EVs) and renewable energy technologies. Notably, Australian producer Lynas Rare Earths reported a 12% year-over-year reduction in neodymium-praseodymium (NdPr) oxide production during the quarter, contributing to supply constraints. Additionally, geopolitical factors, including China’s export controls on medium- and heavy rare earths, have further influenced market dynamics. These developments underscore the growing importance of strategic sourcing and supply chain resilience in the rare earth market.
Q4 2024
In Quarter 4 of 2024, the price of neodymium in India saw a significant increase, rising by $73,217 per metric ton, CIF Nhava Sheva (China) which represents a 5.99% surge. This uptick is reflective of global supply constraints and growing demand, driven largely by the expansion of renewable energy technologies, electric vehicle production, and high-performance magnets, where neodymium is a critical component. The price hike may be a result of tightening supply chains, increased raw material costs, and geopolitical factors influencing global trade dynamics. The rise in prices could potentially impact industries relying on neodymium, such as electronics, automotive, and green tech, while also prompting local producers to adjust their procurement strategies.
Q3 2024
In Q3 2024, India’s neodymium market saw a notable price increase of $69,082 per metric ton, CIF Nhava Sheva (China) reflecting a 4.31% rise compared to the previous quarter. This price surge is indicative of growing demand for the rare-earth element, driven by its critical role in the production of high-performance magnets used in industries such as electronics, electric vehicles, and renewable energy. The increase in pricing could also be attributed to tightening global supply chains, as well as potential disruptions in key production regions. As India continues to position itself as a key player in the global rare-earth market, this price hike might signal an ongoing trend of increased material costs in the coming quarters, affecting manufacturers and industries dependent on neodymium.
Q2 2024
In Q2 2024, the neodymium request in India endured a notable decline, with prices dwindling by$ 66,227 per metric ton, CIF Nhava Sheva (China) reflecting a 3.49% drop. This price reduction could be attributed to a combination of factors, including implicit surfeit, oscillations in global demand, or changes in product costs. As neodymium is a critical element used in the manufacturing of attractions for diligence like electric vehicles and renewable energy, such a decline might impact product costs and demand in affiliated sectors. This price dip may also reflect broader request trends or shifts in global force chains, as India continues to place itself in the global rare earth rudiments request.
Q1 2024
In Q1 2024, India’s neodymium market experienced a significant downturn, with prices declining by $68,623 per metric ton, CIF Nhava Sheva (China) marking a 14.28% drop. This decline mirrors global trends, as neodymium oxide prices in China fell to their lowest levels since late 2020, driven by oversupply and subdued demand from sectors like electric vehicles and renewable energy. The global output of rare earth metals increased by 10% in 2023, surpassing demand growth, which intensified downward pressure on prices. Despite efforts by companies like Lynas to expand market share and develop new production capabilities, overall sentiment remained bearish, with prices reflecting broader economic challenges and fluctuating demand patterns.
PriceWatch is your trusted resource for tracking global neodymium price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the neodymium market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Neodymium is a rare earth metal renowned for its powerful magnetic properties, making it an essential material in the production of high-strength permanent magnets. Extracted primarily from monazite and bastnäsite ores, neodymium is a key component in neodymium-iron-boron (NdFeB) magnets, which are the strongest commercially available magnets. These magnets are widely used in electric vehicles, wind turbines, headphones, hard drives, and other advanced electronic devices. Neodymium’s unique magnetic performance enables compact, lightweight designs while maintaining high energy efficiency, making it a cornerstone in modern, sustainable, and high-performance technologies.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Chemical Symbol | Nd |
| Atomic Number | 60 |
| Purity (Commercial Grade) | ≥ 99.5% (REO basis) |
| Appearance | Silvery-white, soft, malleable metal |
| Atomic Weight | 144.24 u |
| Melting Point | ~1,024°C |
| Boiling Point | ~3,074°C |
| Density | ~7.01 g/cm³ |
Applications
Neodymium is a rare-earth element renowned for its exceptional magnetic properties, making it a critical material in the production of powerful permanent magnets, particularly in motors, hard drives, and loudspeakers. It is a key component in high-performance magnets, such as those used in electric vehicles, wind turbines, and hybrid technologies. Neodymium also has significant applications in lasers, optical devices, and in the production of high-strength alloys. Its unique ability to generate strong magnetic fields while maintaining a lightweight profile makes it indispensable for energy-efficient and high-tech applications.
The pricing of Neodymium is influenced by several factors, including:
i. Supply & Availability
• Primary Production: Neodymium is extracted primarily from bastnasite and monazite ores, often alongside other light rare earth elements. Its availability depends heavily on mining and refining capabilities, particularly in China.
• Global Reserves: China controls the majority of neodymium production, with additional reserves in countries like Australia, the United States, and Myanmar. Changes in production quotas, export controls, or mining policies in these regions can impact global supply and price.
ii. Demand from Key Industries
• Permanent Magnets: Neodymium is essential for producing NdFeB (neodymium-iron-boron) magnets, which are the strongest commercially available permanent magnets. These are widely used in electric motors, headphones, wind turbines, and other high-efficiency devices.
• Electric Vehicles (EVs): The rapid expansion of the EV market significantly increases demand for neodymium due to its critical role in motor magnets.
• Consumer Electronics: Neodymium magnets are used in smartphones, computers, and audio equipment, contributing to consistent baseline demand.
iii. Purity & Quality
• High-Purity Grades: Neodymium is available in different purities (e.g., 3N, 4N). Higher purity neodymium commands a premium price due to the complex processing required to achieve lower impurity levels, especially for applications in advanced electronics or magnet manufacturing.
iv. Geopolitical Factors
• Export Controls & Quotas: China’s dominant position allows it to influence prices through export quotas, tariffs, or restrictions. These geopolitical actions often result in global supply uncertainties.
• Strategic Stockpiling: Some countries or corporations maintain stockpiles of rare earths, including neodymium, which can temporarily distort market supply and pricing.
v. Market Speculation & Investment Trends
• Commodities Markets: Investor interest in critical materials, especially those tied to green technologies and future growth sectors, can lead to speculative price spikes.
• Short-Term Volatility: Neodymium prices can be highly volatile due to fluctuating demand signals, stock market sentiment, and news around technological breakthroughs or supply chain concerns.
vi. Alternative Materials & Substitutes
• Substitution Research: Ongoing R&D seeks to reduce or eliminate neodymium from magnets, either by using different rare earth elements or by developing new magnet technologies (e.g., ferrite magnets, samarium-cobalt alternatives). Successful innovations could reduce future demand and pricing pressure.
• Magnet Design Innovations: Engineering advances that use neodymium more efficiently or reduce dependency on rare earths can affect overall demand.
vii. Processing & Refinement Costs
• Complex Separation: Neodymium is often found with other light rare earths and requires significant chemical separation and refining. Rising energy and labor costs impact these operations, increasing the final price.
• Environmental Regulations: Stricter environmental controls, particularly in China, may raise production costs and limit output, influencing global prices.
viii. Currency Exchange Rates
• Global Trading Impact: Neodymium is traded internationally, typically priced in U.S. dollars. Fluctuations in major currencies (USD, CNY, EUR) affect pricing, particularly for importing nations. Exchange rate volatility can either mitigate or amplify underlying supply/demand pressures.
Rising feedstock prices increase the cost of producing neodymium, leading to higher market prices and potential supply constraints.
Inflation can raise neodymium prices by increasing production and energy costs, while also driving up demand for high-tech applications such as electric motors, wind turbines, and electronics.
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