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 price provided for information purposes, derived from Procyon Metals' trading activity. It is neither a firm offer nor investment advice. Firm quotes available on request, depending on volume, form and purity.
Request a 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.
Where can you buy neodymium?
Physical neodymium is purchased through specialist traders. Procyon Metals supports clients end to end: sourcing from vetted counterparties, purity certification, insured logistics and secure storage in Brinks vaults.
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%).