Neodymium Metal Chain™
· ₹12,282.84/kg today
From mine to market: how Neodymium moves through the global economy.
Data year: 2025 · Chain data last reviewed: 9 September 2026 · not a live feed — see methodology.
How Neodymium Moves Through the Economy
Each stage below is a real, cited figure — click any stage for its full description and source.
Mining & Separation Mining / Extraction
Neodymium is mined as part of mixed rare-earth ore, then chemically separated from the other rare-earth elements it occurs alongside.
High confidenceSource: USGS Mineral Commodity Summaries (via MetalsCost Metal Reserves) (2025)
Refining & Magnet Manufacturing Processing / Refining
Separated neodymium is refined into metal and alloyed into neodymium-iron-boron (NdFeB), then sintered into permanent magnets.
China controls an estimated 91% of world rare-earth separation/refining capacity, and about 94% of sintered NdFeB magnet manufacturing — the most concentrated processing stage of any metal this site tracks. Concentration: High
High confidenceSource: IEA, Global Critical Minerals Outlook 2024 — view (2024)
Permanent Magnets (EV Motors, Wind, Electronics) Manufacturing / End Use
NdFeB magnets are the strongest commercially available permanent magnets, used in EV motors, wind turbine generators, and consumer electronics.
Medium confidenceSource: IEA commentary, "With new export controls on critical minerals, supply concentration risks become reality" — view (2024)
Secondary Supply (Recycling) Secondary Supply (Recycling)
NdFeB magnets can be recovered from end-of-life motors and electronics, though large-scale recycling is still in its early stages.
Medium confidenceSource: IDTechEx, "Rare Earth Magnets 2026-2036" — view (2024)
Supply Chain at a Glance
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
Country-level production data for Neodymium is not yet available on this page.
The Neodymium price in India today is ₹12,282.84 per kilogram as of October 16, 2026. See the live price and chart.
Metal Chain™ is an analytical framework developed by MetalsCost. Concentration figures and the current-bottleneck comparison are estimates derived from available public data and a documented methodology — they are not investment advice or a guaranteed forecast. See the methodology page for data sources and calculation details.
