What Uses Neodymium?
· ₹12,402.07/kg today
The rare-earth element that makes powerful motors small — without it, today's compact EV drivetrains and wind turbines would need to be considerably bulkier.
What Uses Neodymium?
Detailed application mapping is currently being developed for Neodymium. In the meantime, see the metal profile for who buys it and which industries depend on it.
The Magnet Metal
Neodymium-iron-boron (NdFeB) permanent magnets are the strongest commercially available, and they're what let EV motors, wind-turbine generators, hard drives and headphone speakers be as compact and powerful as they are — swap them out for older magnet technology and the same power output needs a noticeably bigger, heavier motor.
One Country Refines Almost All of It
China's dominance in neodymium isn't just about mining — it controls the large majority of the world's rare-earth refining and magnet-manufacturing capacity, a processing chokepoint that matters at least as much as who holds the deposits, with Australia one of the few other tracked countries producing any meaningful volume.
Recycling Is Real, But Still Small
Recovering neodymium from old hard drives, speakers and electric motors is technically possible and a genuine area of active research and early commercial activity, but it remains a small share of overall supply today — the magnets are typically glued or welded into assemblies that make disassembly costly, which is part of why China's mined and refined output still dominates over any recycled alternative.
Did You Know?
Almost none of the world's neodymium trades on a public exchange — like several other rare and minor metals here, it's priced through surveyed benchmark assessments rather than a listed futures contract.
Frequently Asked Questions
Detailed use-case data for Neodymium is not yet available on this page.
The Neodymium price in India today is ₹12,402.07 per kilogram as of August 28, 2026. See the live price and chart.
Metal Applications™ is an informational reference built from public data and named sources. See the methodology page for how figures are sourced and confidence-rated.
