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Neodymium Price Trend and Forecast

UNSPC code: 12141904
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Historical Data Since 2015
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  • Commodity Pricing

neodymium Price Trends by Country

cnChina
inIndia
nlNetherlands
usUnited States

Global neodymium Spot Market Prices, Trend Analysis and Forecast

Price-Watch’s most active coverage of Neodymium price assessment:

  • Purity: 99%min. FOB Sanghai, China
  • Purity: 99%min. CIF Houston (China), USA
  • Purity: 99%min. CIF Nhava Sheva (China), India
  • Purity: 99%min. CIF Rottterdam (China), Netherlands

Neodymium Price Trend Q3 2025

During the third quarter of 2025, neodymium prices experienced an upward trend in the global as a result of strong demand in the electric vehicle, renewable energy and electronics industries amid supply constraints and geopolitical tensions. There has been a significant increase in prices driven largely by cutbacks in shipments from key suppliers like MP Materials to China that caused particularly tight supply.

This price movement reflects neodymium’s importance to high tech industries and should continue, although the chances of the supply being interrupted and geopolitical factors may contribute to price increase in the coming months.

USA

Neodymium Import prices CIF Houston (China), USA, Grade- Purity:99%.

In Q3 2025, the neodymium price trend in the U.S. saw an 8.06% price increase from Q2 2025, driven by strong demand in electric vehicles, renewable energy, and electronics alongside supply constraints influenced by China’s export restrictions.

The Neodymium price trend in the US reflected tightening global supply chains and increased domestic production efforts, with companies like MP Materials benefiting from heightened strategic investments.

The 10.41% increase in neodymium prices in the USA during September 2025 driven by rising demand for rare earth elements in technology and green energy sectors, combined with supply chain constraints.

Additionally, geopolitical tensions and export restrictions from key producers may have further tightened supply, driving prices upward. Looking forward, continued growth is expected as neodymium remains crucial for permanent magnets in clean energy and advanced technologies, making the price trend a key indicator for market dynamics in the coming quarters.

Netherlands

Neodymium Import prices CIF Rotterdam (China), Netherlands, Grade- Purity:99%.

In Q3 2025, the neodymium price trend in Netherlands saw a 7.93% increase in neodymium prices compared to Q2 2025, driven by strong demand from the renewable energy and high-tech sectors, alongside ongoing supply chain constraints and geopolitical challenges.

This price trend showed global market dynamics where neodymium’s growing importance in electric vehicles and wind turbines fuels demand, while limited supply and logistical issues continue to push prices upward.

The 10.38% increase in neodymium prices in the Netherlands in September 2025 likely reflected rising demand for this critical rare earth metal, driven by growth in industries such as electric vehicles and renewable energy.

Additionally, supply chain disruptions or geopolitical factors may have constrained availability, further pushing prices upward. The outlook suggests that neodymium prices in the Netherlands will likely remain elevated heading into Q4 2025, as these factors persist.

China

Neodymium Export prices FOB Shanghai, China, Grade- Purity:99%.

In the third quarter of 2025, the neodymium price trend in China continued to rise, increasing by 3.78% over the second quarter amid strong demand escalating from the electric vehicle (EV) and high-tech sectors as supply has been constrained by applying stricter export policies and higher production costs.

Major producers of rare earth, like China Northern Rare Earth, applied increases to neodymium concentrate prices to reflect market conditions as local government policies have already restricted exports. The neodymium price in China increased 9.34% during September of 2025, due to demand increases that are stemming from expansion in the EV and renewable energy sectors.

Supply chain challenges and geopolitical events have contributed to the tightening supply of rare earths and have contributed further to the increase in prices. The combined challenges of supply scarcity and demand is likely to push up neodymium prices in the near-term.

India

Neodymium Import prices CIF Nhava Sheva (China), India, Grade- Purity:99%.

There has been an increase of 7.41% in India’s neodymium price trend in Q3 2025 as compared to Q2 2025. The increase in the prices has been associated with growing consumption in electric vehicle, renewable energy, and electronics markets.

The neodymium price increases have been further supported by India’s government initiatives to address the ongoing global supply shortages, and geopolitical tensions, especially due to restrictions on exports by China, by way of a new INR 7,300 crore government program to promote domestic capacity for rare earth material and reduce reliance on imports within India as well as a greater supply security.

According to Price-Watch, in September 2025, the neodymium price in India increased by 10.38% driven by strong demand for electronic applications and renewable energy markets, in addition to disruptions in supply chains. Furthermore, due to volatility in the global neodymium market and increased cost of production may have contributed to the price spike.

Neodymium Price Trend Analysis: Q2 2025

According to the PriceWatch, In Q2 2025, neodymium prices rose sharply by $78,179 per metric ton, FOB Shanghai an 11.39% increase driven by escalating geopolitical tensions and new tariff structures. China’s April export restrictions on rare earth elements significantly constrained global supply, forcing buyers to seek alternative, costlier sources.

Concurrently, the U.S. and EU imposed steep tariffs up to 245% on Chinese rare earth imports under critical minerals security initiatives, further inflating prices. This dual pressure has impacted key sectors like electric vehicles, wind turbines, and defence, which rely heavily on neodymium magnets.

Many companies are absorbing higher costs to maintain production continuity, but the surge is prompting a revaluation of supply chains and increased interest in substitution or recycling. If these conditions persist, sustained high prices may suppress demand or accelerate innovation in magnet alternatives. The current market underscores neodymium’s strategic importance and vulnerability to political and economic disruptions. 

According to the PriceWatch, In Q2 2025, neodymium prices in India surged by $80,114.96 per metric ton, CIF Nhava Sheva (China) marking an 8.82% increase driven by rising geopolitical tensions and tariff related supply disruptions. China’s export restrictions on rare earth magnets, requiring licenses and end use declarations, severely limited Indian imports, impacting sectors like EVs and electronics that heavily depend on neodymium.

With over 80% of India’s magnet supply coming from China, domestic manufacturers faced sharp price hikes and looming production delays. In response, the Indian government launched a $58.49 crore incentive program under its National Critical Mineral Mission to boost local magnet production and reduce reliance on imports.

Companies like Tata Motors and Sona Comstar have begun investing in domestic supply chains and technology partnerships to mitigate risks. The ongoing price pressure highlights India’s vulnerability in rare earth supply and the urgent need to fast track self reliance through domestic production and strategic sourcing diversification. 

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. 

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 earths market. 

Neodymium Price Trend Analysis: 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. 

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. 

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. 

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. 

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. 

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. 

 

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. 

 

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. 

Technical Specifications of Neodymium Price Trends

Product Description

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 bastnasite 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.

Identifiers and Classification:

  • HS Code – 280530


Neodymium Grades Specific Price Assessment:

  • Purity: 99%


Neodymium Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 8-10 MT
  • Packaging Type (Product & Country Specific): Steel drum


Incoterms Referenced in Neodymium Reporting

Shipping Term  Location  Definition 
FOB Shanghai  China  Neodymium Metal Export price from China 
CIF Houston (China)  USA  Neodymium import price in USA from China 
CIF Rotterdam (China)  Netherlands  Neodymium import price in Netherlands from China 
CIF Nhava Sheva (China)  India  Neodymium import price in India from China 

*Quotation Terms refers to the quantity range specified for the Neodymium being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Neodymium packing, ease of handling, transportation, and storage in industrial and commercial applications.


Key Neodymium Manufacturers

Manufacturer 
MP Materials 
USA Rare Earth 
Ketai Magnetic Materials Co., Ltd. 
Hindustan Magnetics 
Hitachi Metals 
Ningbo Yunsheng Co., Ltd. 

Neodymium Industrial Applications

neodymium-market-share-end-use

Historically, several events have caused significant fluctuations in Neodymium prices

  • Technological Innovation (2020–2021): Advances in magnet design and substitution reduced Neodymium use, putting downward pressure on prices as efficiency improved. 
  • Geopolitical Tensions (2017–2019): U.S.-China trade disputes created fears of supply disruptions, causing price spikes due to uncertainty and stockpiling. 
  • Electric Vehicle & Wind Energy Growth (2015–2019): Increasing demand for Neodymium in EVs and wind turbines drove prices up as green technologies boomed. 

Why PriceWatch?

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.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence neodymium prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely neodymium market data.

Track PriceWatch's neodymium price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: We aggregate data from global exchanges, industry reports, and proprietary databases to provide accurate and timely assessments.
  • On-the-Ground Intelligence: Insights from producers, suppliers, and end-users in key production hubs are integrated to understand market dynamics.
  • Supply Chain Monitoring: Comprehensive tracking of raw materials and production channels to assess supply conditions.

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: Continuous monitoring of geopolitical events affecting supply chains and pricing.
  • Economic Shifts: Analysis of macroeconomic factors and sector-specific demand to predict market movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: Detailed tracking of operational Neodymium production facilities and their outputs.
  • Future Capacity Projections: Forecasting new capacity additions and technological innovations in Neodymium production.

Demand Forecasting

  • Sectoral Demand Analysis: Evaluating Neodymium demand in semiconductors, photovoltaics, and other applications.
  • Global Demand Dynamics: Regional demand variations and their impact on global pricing.

Pricing Model Development

  • Dynamic Pricing Models: Advanced models incorporating real-time data, historical trends, and market projections.
  • Scenario Analysis: Assessing potential market conditions under various scenarios.

Reporting and Client Support

  • Comprehensive Reports: Detailed analyses of current and future price trends, with actionable insights.
  • Ongoing Support: Continuous updates and expert advice tailored to client needs.

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Neodymium pricing assessments, helping our clients stay ahead of market trends and make informed business decisions. 
 

Neodymium Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for neodymium. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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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