Industrial metals · NDYM

Neodymium price

Neodymium currently trades at US$945,000 per tonne (≈ €803,694 · £704,309) — 18.53% below the 12-month high. Over the past 12 months it has gained 77.46%, with the annual range running from US$530,000 to US$1,160,000. 24-hour movement is minimal (±0.00%).

US$945,000 / tonne
≈ €803,694 ≈ £704,309 Unchanged 24h 66% within the 52-week range
FX Editorial Team · Data updated: · Editorially verified
Neodymium (NDYM) price today US$945,000 / tonne, ↑ +0.00% (24h)

Neodymium chart

Interactive chart and 30-day overview

7 days
▼ −6.90%
−US$70,000
30 days
▼ −13.70%
−US$150,000
1 year
▲ +77.46%
+US$412,500
52-week range
US$530,000 66% US$1,160,000
Neodymium (NDYM) 30-day price chart — USD, EUR, GBP

The Neodymium chart shows how the neodymium price has moved over time. The interactive view lets you switch the timeframe (from 7 days up to MAX), the currency (USD / EUR / GBP) and overlay moving averages. Click any two points to measure the percentage change between those dates.

How is neodymium priced?

Neodymium is priced per metric tonne (1 t = 1,000 kg) — the standard unit for industrial and bulk commodities on the London Metal Exchange (LME), CME and major European exchanges. Wholesale shipments move in containers or bulk vessels, typically in 25-tonne or 100-tonne lots.

At US$945,000 per tonne, one kilogram is worth US$945.00. End-user pricing for processed goods includes refining margins, transport and tariffs on top of the wholesale benchmark.

What drives the price of neodymium?

The neodymium market is dominated by China’s concentration of supply. According to the USGS Mineral Commodity Summaries, global rare-earth mine production is around 390,000 tonnes REO (rare earth oxide) a year. China accounts for about 270,000 tonnes, the United States — essentially the Mountain Pass mine operated by MP Materials — about 45,000 tonnes, Australia — Lynas Rare Earths and Mt Weld — about 13,000 tonnes, and Myanmar about 30,000 tonnes. Neodymium and praseodymium together make up about 30% of mined REO content, making them the most commercially relevant light rare-earth elements. Concentration is even more acute in refining and separation: nearly 80% of global separation capacity is in China, so much of the concentrate mined in Myanmar, Australia and even the US is still processed in Chinese refineries.

Demand is driven mainly by two end uses. The first is permanent-magnet drive motors in electric vehicles. Estimates from Adamas Intelligence and IEA Critical Minerals suggest that about 90% of EVs sold globally use NdFeB permanent-magnet synchronous motors (PMSM), because they offer a favourable power-to-weight ratio. An average EV motor contains 1.5–2 kg of NdFeB magnets, of which about 30% by weight is Nd-Pr. The second major end use is direct-drive wind-turbine generators. Offshore and large onshore wind turbines often use direct-drive generators, with about 200 kg of NdFeB magnets per megawatt. A third, smaller but steady source of demand comes from industrial servo motors, robots, MRI scanners and consumer electronics such as speakers and hard drives.

The third set of drivers is the diversification and regulatory environment. China has long controlled rare-earth mining and separation through a quota system, while gradually tightening export controls on processing know-how and separation technology. The western response rests on three pillars: the Mountain Pass mine in California, operated by MP Materials, with a separation and magnet plant under development in Texas; Australia’s Lynas Rare Earths, which operates the Mt Weld mine and the Kuantan refinery in Malaysia and is building separation capacity in Texas with US Department of Defense support; and smaller emerging producers, including Canada’s Vital Metals, Brazil’s Serra Verde, and projects in Greenland and Africa. Recycling used NdFeB magnets, by companies such as Urban Mining Company and Solvay, is another route to reducing dependence on Chinese supply over the longer term.

How can investors get exposure to neodymium?

Direct neodymium oxide CFD or spot trading is typically not available to European retail investors. Because the market is OTC and liquidity is limited, rare-earth price exposure is generally not offered as a retail derivative. There are three main routes to rare-earth exposure. The first is a thematic ETF. The best-known is VanEck Rare Earth/Strategic Metals (ticker: REMX), which tracks a basket of global rare-earth and strategic-metals producers. The second is individual equities. California-based MP Materials (MP) operates the largest rare-earth mine in the western hemisphere. Lynas Rare Earths (LYC.AX) is the largest integrated miner-refiner outside China. Iluka Resources (ILU.AX) builds light rare-earth exposure through mineral sands and a standalone Australian refinery project. Energy Fuels (UUUU) is involved in separation linked to uranium by-product projects. The third, indirect route is through downstream users — EV makers and wind-turbine manufacturers such as Vestas and Siemens Gamesa — although neodymium is only one input among many for these companies. Two regulated brokers where REMX and the individual shares above may be available are:

30-day price history

Chart and daily closing prices

Neodymium (NDYM) 30-day price chart — USD, EUR, GBP

Daily close

30 trading days

Date Price (USD) Price (EUR) Price (GBP) Daily change
22 May 2026 US$945,000 €803,694 £704,309 ▼ −0.53%
21 May 2026 US$950,000 €807,947 £708,035 ▲ +0.53%
20 May 2026 US$945,000 €803,694 £704,309 ▼ −2.07%
19 May 2026 US$965,000 €820,704 £719,215 ▼ −2.03%
18 May 2026 US$985,000 €837,713 £734,121 ▼ −2.96%
14 May 2026 US$1,015,000 €863,227 £756,480 ▲ +0.50%
13 May 2026 US$1,010,000 €858,975 £752,753 ▼ −1.46%
10 May 2026 US$1,025,000 €871,732 £763,933 ▼ −1.91%
30 Apr 2026 US$1,045,000 €888,741 £778,839 ▲ +1.95%
29 Apr 2026 US$1,025,000 €871,732 £763,933 ▼ −0.97%
25 Apr 2026 US$1,035,000 €880,236 £771,386 ▼ −5.48%
20 Apr 2026 US$1,095,000 €931,265 £816,104 —

Neodymium: frequently asked questions

What is neodymium oxide (Nd₂O₃), and why is its price quoted in this form? +
Neodymium is a chemically reactive lanthanide that oxidises quickly in air, so it can be stored as a pure metal only in special inert atmospheres. Most commercial trade is organised around stable neodymium oxide (Nd₂O₃). This is the typical end product of separation plants, and it is the starting point for metal reduction before magnet production. Market price assessments from Asian Metal, Fastmarkets and Argus publish the benchmark price on an FOB China basis, in USD per tonne of Nd₂O₃. Neodymium is also often quoted as didymium alloy — a mixture of Nd and Pr (praseodymium) that can be used directly in NdFeB magnet production.
How much does 1 kg of neodymium cost? +
Neodymium oxide is quoted on an FOB China basis in USD per tonne. At a level of, for example, USD 80,000 per tonne, one kilogram of Nd₂O₃ costs about USD 80 (80,000 / 1,000), and one pound (lb) about USD 36. This is the price of purified oxide. Neodymium metal carries a premium of several tens of percent because of the additional reduction step, while NdFeB magnet-grade alloy includes a further processing premium. The market is also relatively opaque: there can be a material gap between an index price and the actual long-term contract price, because most trading takes place OTC.
Why is there no liquid futures market for neodymium? +
There are two main reasons. First, the physical turnover of the global neodymium market is small compared with major industrial metals. Total annual Nd-Pr REO output is in the order of a few tens of thousands of tonnes, compared with annual copper production measured in millions of tonnes. That makes it hard for a futures contract to reach the liquidity threshold needed for exchange trading. Second, the market is structurally built around vertically integrated long-term contracts between miners, separation plants, magnet makers and end users in the automotive and wind industries. Actual pricing happens inside these contracts, often with a premium or discount to a published index such as Asian Metal or Fastmarkets, which reduces industrial demand for futures hedging.
How much neodymium is in an electric vehicle and a wind turbine? +
An average electric vehicle permanent-magnet synchronous motor (PMSM) contains about 1.5–2 kg of NdFeB magnets. In an NdFeB magnet, neodymium and praseodymium together account for about 30%, or roughly 0.5–0.6 kg of Nd-Pr per EV. A direct-drive wind-turbine generator requires much more magnet material: about 200 kg of NdFeB per megawatt. A 5 MW offshore turbine therefore contains about one tonne of magnets, equivalent to around 300 kg of Nd-Pr. Wind turbines with reduction gearboxes, by contrast, use conventional electromagnets and require materially less rare-earth material.
Why is rare-earth supply concentrated in China? +
The concentration is partly geological and partly the result of industrial history. China’s Bayan Obo deposit in Inner Mongolia is one of the world’s largest known rare-earth deposits and accounts for a significant share of global REO mine production. The more important factor is separation and refining capacity. Separating rare-earth elements from one another is a highly complex, multi-stage chemical process known as solvent extraction. The know-how and nearly 80% of the capacity are in China. Western mines such as Mountain Pass and Mt Weld therefore shipped concentrate to Chinese plants for refining for decades. New separation projects in the US and Australia are intended to reduce that dependence.
What do Chinese export quotas and export controls mean for rare earths? +
China has regulated rare-earth mining and separation through quotas for decades, with annual production caps published for the two largest state groups, China Northern Rare Earth and China Rare Earth Group. This has been accompanied by gradually tighter export controls. Certain separation technologies, intermediate products required for NdFeB magnet production and processing know-how are subject to licensing requirements. IEA Critical Minerals reports identify this trend as one of the main risks for western supply chains, and it has helped drive western diversification projects involving Mountain Pass, Lynas and Iluka.
What roles do MP Materials and Lynas Rare Earths play in the market? +
MP Materials (NYSE: MP) operates the Mountain Pass mine in California — the only major active rare-earth mine in the western hemisphere, producing about 45,000 tonnes REO a year. The company is building separation and NdFeB magnet facilities in Texas to keep more of the value chain in the US. Lynas Rare Earths (ASX: LYC) operates the Mt Weld mine in Australia and the Kuantan separation plant in Malaysia. It is the largest integrated REE company outside China, with annual production of about 20,000 tonnes REO. The US Department of Defense has provided direct support to both companies to help build western rare-earth supply chains.
How realistic is recycling NdFeB magnets? +
Recycling NdFeB magnets is technically feasible and already works at commercial scale. US-based Urban Mining Company processes used magnets directly into new magnets through its Magnetic Materials Recycling process, while Solvay and other European companies recover Nd-Pr through hydrometallurgical methods. Recycling’s share of global supply is still low, in the single digits, because collecting used magnets from cars, wind turbines and electronic waste is logistically and economically difficult. Adamas Intelligence and IEA Critical Minerals identify recycling as one of the more important long-term ways to reduce dependence on Chinese supply.

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Data sources: USGS Mineral Commodity Summaries — Rare Earths · Fastmarkets MB — Rare Earths · Adamas Intelligence — Rare Earth Magnet Market Outlook · IEA — Critical Minerals