Neodymium
Overview
A rare earth element critical for permanent magnets used in electric vehicles, wind turbines, and advanced electronics. Neodymium magnets are the strongest permanent magnets commercially available.
Strategic Relevance
Essential for the global energy transition. Over 90% of EV motors and wind turbines rely on neodymium-based permanent magnets.
Applications
Price History
Historical price trend (USD/kg or USD/tonne)
Physical Properties
- Density
- 7.01 g/cm³
- Melting Point
- 1,024°C
- Atomic Number
- 60
- Category
- Rare Earth
Supply Concentration
- China70%
- Myanmar15%
- Vietnam8%
- USA5%
- Other2%
Related Documentation
Procyon Indicative Price
Form: Metal · Purity: 99.5%
Indicative level for information only, based on Procyon Metals' trading activity. It is not a firm offer or investment advice. Firm quotes are issued to partner advisers and professional clients according to form, purity and volume.
Request a firm quote →Frequently asked questions
What is the price of neodymium?
In 2024, the reference price for neodymium stood at around 68 USD/kg, compared with 72 USD/kg in 2023. Prices vary with purity, form (oxide or metal) and traded volume; the full history is charted above.
How can a client hold physical neodymium?
Neodymium is held in a specified form (metal, oxide or compound) and purity, backed by a certificate of analysis for the lot. Procyon Metals works through wealth advisers and family offices: it sources from vetted counterparties, documents the lot and arranges transport and storage with a specialist custodian.
Why is neodymium a strategic metal?
Essential for the global energy transition. China controls 90% of processing capacity. EV motors +25% CAGR; wind turbines +15% CAGR.
Which countries produce neodymium?
Neodymium production is highly concentrated: China (70%), Myanmar (15%), Vietnam (8%), USA (5%).
How liquid is physical neodymium?
Less liquid than listed products: there is no exchange price for neodymium that a private holder can trade on. Resale is negotiated with industrial buyers or traders, and the price and timing depend on form, purity, lot size and demand at that moment. It should be treated as a long-horizon holding.