| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Neodymium | China | FOB | USD 148,717.17/MT | April 2026 |
| Neodymium | India | CIF | USD 148,767.17/MT | April 2026 |
| Neodymium | USA | CIF | USD 148,804.17/MT | April 2026 |
| Neodymium | Brazil | CIF | USD 148,838.17/MT | April 2026 |
| Neodymium | Canada | CIF | USD 148,807.17/MT | April 2026 |
| Neodymium | China | FOB | USD 150,533.04/MT | March 2026 |
| Neodymium | India | CIF | USD 150,588.04/MT | March 2026 |
| Neodymium | USA | CIF | USD 150,622.04/MT | March 2026 |
| Neodymium | Brazil | CIF | USD 150,631.04/MT | March 2026 |
| Neodymium | Canada | CIF | USD 150,623.04/MT | March 2026 |
Stay updated with the latest neodymium prices, historical data, and tailored regional analysis
During the first quarter of 2026, the Neodymium price graph was primarily influenced by supply constraints and trade dynamics. China’s dominance in the global rare earth industry’s value chain has always been a major constraint in the supply of processed rare earth materials into the global market. Export control and dual-use restrictions h also impacted trade flows, especially for major consuming markets like Japan, which contributes almost 15% to global permanent magnet manufacturing capacity.
Besides these major influences, the Iran conflict had indirect effects on the pricing of Neodymium. Disturbances in major shipping routes and increased risks in the Strait of Hormuz increased freight costs, insurance costs, and transit times, thus increasing the cost of rare earth materials in the global market. Higher crude oil prices have also contributed to cost-push inflation. However, the conflict had not impacted the supply of rare earth materials in terms of volumes, and its effects were secondary in nature.
Analyst Insight
According to Procurement Resource, in the near term, neodymium prices are expected to remain firm with intermittent volatility, as ongoing export restrictions and limited non-Chinese processing capacity continue to constrain global supply despite stable end-use demand.
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In 2025, Neodymium prices moved higher after several years of weakness. Early in the year the market still felt the effects of oversupply from China, but that changed as the months went on. China continued to control most mining and almost all refining, and its tighter export rules created more caution among buyers. This added a “risk premium,” especially for companies outside China that depended heavily on imported material.
At the same time, demand kept building. Electric vehicles, wind turbines and high-tech equipment all needed strong permanent magnets made from neodymium-based materials. The US and Europe pushed to grow their own supply chains, but progress remained slow. This meant most global buyers still relied on China, even though recycling projects and new processing plants in the US and UK tried to reduce that dependence. Companies like MP Materials increased production, but the industry still struggled because Chinese overproduction earlier in the cycle had pushed prices too low to support new investment.
As 2025 moved forward, the market tightened. Sellers became less willing to offer large volumes, and buyers grew more active as they prepared for stronger demand in coming years. This shift supported a steady upward trend through the second half of the year.
Neodymium is a component of Didymium that is often utilised for colouring glass to make welder's and glass blower's goggles. It is a soft silvery metal that oxidises in air. An electropositive element, Neodymium reacts slowly with cold water. Naturally occurring Neodymium contains a mixture of five stable isotopes and two radioisotopes.
Nd
Rare earth magnets, Anticoagulant, Electrical and electronic products, Medical science, Glass for Tanning Booths, Lasers
7440-00-8, Neodimio, Neodyme, Neodym
American Elements, Dura Magnetics, Inc., ABSCO Limited, Umicore N.V., Reade International Corp, HEFA Rare Earth Canada Co. Ltd.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Neodymium can be found in ores of other minerals such as monazite and bastnäsite, which are mined and extracted. They are the primary ores from which Neodymium is derived after refining.
Rakesh Nandi
Team Lead - Market Research
Leading procurement-focused market intelligence across chemicals, composites, advanced materials, aerospace & defense, and energy, delivering commodity forecasts, supply chain analysis, and competitive benchmarking to support sourcing decisions.
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