Neodymium price (neodymium oxide)
Neodymium is traded mainly as neodymium oxide and, together with praseodymium, as NdPr oxide, the feedstock for NdFeB permanent magnets. Most of the world’s neodymium is separated in China, so Chinese prices are the benchmark; prices outside China are higher.
By RareMetals.net Editorial Team · Prices checked
Current neodymium oxide price
- China, Nov 5, 2026
- about $108/kg
- NdPr oxide, China domestic (incl. VAT)
- Outside China, October 2026
- $95-140/kg
- NdPr oxide outside China; assessments range from $95/kg CIF (Benchmark, Aug) to $125-140/kg (Rare Earth Exchanges, Oct)
Neodymium and praseodymium oxides are mostly traded together as NdPr oxide; separate Nd and Pr oxide prices are close to it.
Sources: SMM rare earth weekly review, 5 Nov 2026; Benchmark Mineral Intelligence, ex-China NdPr, Aug 2026; Rare Earth Exchanges, October 2026 prices. Minor-metal and rare earth markets are thin and assessments differ by provider, so ranges are shown. Yuan prices converted at 6.6 yuan per US dollar.
Last supplier list price on file: $137.80/kg (Oxide (Nd2O3), Nd2O3/TREO min. 99.0%; TRADIUM, ). This list is out of date and is shown for reference only.
All rare earth and rare metal prices · How we collect prices
Neodymium price history, 2021-2025 (USGS)
Annual averages from the U.S. Geological Survey, the latest official series. They show the trend up to 2025; compare them with the current prices above.
| Year | Price |
|---|---|
| 2021 | $98 |
| 2022 | $134 |
| 2023 | $78 |
| 2024 | $56 |
| 2025e | $73 |
Source: U.S. Geological Survey, Mineral Commodity Summaries 2026.
What moves the neodymium price?
Magnet demand
NdFeB magnets for EV motors, wind turbines, industrial motors and electronics take almost all neodymium and praseodymium.
Chinese output quotas
China sets annual mining and separation quotas. Rising quotas helped push NdPr oxide from $124/kg in 2022 to $55/kg in 2024 (USGS).
The US price floor and ex-China oversupply
In July 2025 the US Department of Defense agreed a 10-year floor of $110/kg for NdPr oxide made by MP Materials. In 2026 new non-Chinese supply outran demand: Benchmark put ex-China NdPr at $95/kg in August, below the floor, while China’s domestic price rose to about $108/kg.
New supply outside China
Lynas (Malaysia), MP Materials (California), Neo Performance Materials (Estonia) and Energy Fuels (Utah) separate NdPr outside China; Iluka and Arafura are building more capacity.
Export-control dates for every rare earth: China's rare earth export controls.
Where neodymium comes from
Production of individual rare earths is not published. China mined about 69% of all rare earths in 2025 (270,000 of 390,000 tons of oxide) and separates most NdPr (USGS).
Uses, sources and properties: neodymium element guide. Country totals: rare earth reserves and production by country.
Neodymium price FAQ
How much is neodymium worth per kg?
The current price is about $108/kg in China (Nov 5, 2026) and $95-140/kg outside China (October 2026). NdPr oxide averaged about $69/kg in 2025 (USGS), so Chinese prices are up by more than half.
What is the NdPr price?
NdPr oxide (a mix of neodymium and praseodymium oxides) traded at about 710,000 yuan per tonne in China in early November 2026, about $108/kg (SMM). Outside China, 2026 assessments ranged from $95/kg to $140/kg. MP Materials’ US-made NdPr has a $110/kg floor under its 2025 Department of Defense agreement.
Why do neodymium prices differ between sources?
Chinese domestic, Chinese export (FOB) and European prices differ because of licensing, VAT, lot size and purity. Supplier list prices for small lots in Europe are usually well above Chinese benchmarks.
What is neodymium used for?
Mainly NdFeB permanent magnets. See neodymium uses, supply and properties.
Related prices
Prices are for information only and are not an offer to buy or sell, or investment advice (disclaimer). If you quote this page, please credit "RareMetals.net" and link to it.