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Neodymium Price — Recent Trend Feeding the Outlook
All prices in ₹ per gram · daily rate, updated once per day
A Neodymium Price Outlook, Not a Prediction
Neodymium is at ₹12.41 per gram today, September 17, 2026. Anyone looking for a firm number for where that goes next won't find one here, and should be cautious of anyone who claims to have one — this is a market shaped by a genuinely concentrated supply chain and a demand base still working out its own growth curve, and a confident single-figure prediction doesn't hold up well against either of those realities. What this page offers instead is a look at the factors that actually shape where neodymium could be headed.
That caution matters more here than for a metal like copper, given the history. A market that has already produced a sharp, policy-driven price spike once — the rare-earth episode of the early 2010s — is not a market where confident forecasting has a strong track record.
Neodymium Price by Weight
Today's Neodymium rate is Twelve Rupees per gram. At this rate, 10 grams of Neodymium costs One Hundred and Twenty Four Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹12.41 | Twelve Rupees |
| 8 Grams | 8.0000 g | ₹99.24 | Ninety Nine Rupees |
| 10 Grams | 10.0000 g | ₹124.05 | One Hundred and Twenty Four Rupees |
| 100 Grams | 100.0000 g | ₹1,240.54 | One Thousand Two Hundred and Forty One Rupees |
| 1 Kilogram | 1,000.0000 g | ₹12,405.39 | Twelve Thousand Four Hundred and Five Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹351.69 | Three Hundred and Fifty Two Rupees |
| 1 Troy Ounce | 31.1035 g | ₹385.85 | Three Hundred and Eighty Six Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹12,405,389.00 | One Crore Twenty Four Lakh Five Thousand Three Hundred and Eighty Nine Rupees |
What Could Push the Price Either Way
On the demand side, neodymium-iron-boron magnets for EV motors and wind turbine generators represent a demand line that is expected to keep growing as both industries scale up globally. If that growth continues at pace, the pull on already-tight processing capacity could tighten the market further. That is a real possibility worth tracking, not a settled outcome.
The supply-side wildcard
On the supply side, the pace of non-China mining and processing investment is the factor most likely to move the needle in either direction over the coming years. If projects in the United States, Australia and elsewhere scale up roughly on schedule, that could ease some of the concentration that currently defines this market and dampen the kind of sharp, policy-driven moves it has seen before. If that buildout stalls, or if Chinese policy shifts in a way that tightens availability further, the opposite could happen — and given how thin the alternative supply base still is, the impact of either scenario could be larger than an equivalent shift would be for a more geographically diversified metal.
Currency remains a background factor for the India-side number specifically: a weaker rupee tends to lift the domestic rate independent of what the international benchmark is doing, and a stronger rupee works the other way.
Neodymium Price — Last 10 Days
The most recent Neodymium price on record (2026-09-17) is Twelve Rupees per gram. This is up by Less than One Rupees from the previous day's rate of ₹12.38.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹12.41 | +0.02 |
| 2026-09-16 | ₹12.38 | -0.06 |
| 2026-09-15 | ₹12.44 | +0.02 |
| 2026-09-14 | ₹12.42 | +0.02 |
| 2026-09-13 | ₹12.40 | +0.00 |
| 2026-09-12 | ₹12.40 | +0.01 |
| 2026-09-11 | ₹12.40 | -0.01 |
| 2026-09-10 | ₹12.40 | +0.06 |
| 2026-09-09 | ₹12.34 | +0.05 |
| 2026-09-08 | ₹12.30 | — |
How to Use an Outlook Like This
The honest use of a page like this is as a checklist, not a crystal ball. If EV and wind turbine production numbers are accelerating and non-China processing capacity is struggling to keep pace, that combination is worth watching for potential upward pressure. If the opposite is happening — new capacity coming online faster than expected, or demand growth cooling — the pressure could tilt the other way.
Neodymium's own history is the clearest argument against overconfidence here. A market that has already shown how sharply it can move when supply concentration meets a policy shock is a market where "could" and "may" are doing real, honest work — not hedging for its own sake. Treat any forecast, including the framing on this page, as a way of understanding the forces in play, not a number to bank on.
Neodymium Price Forecast — FAQs
No one can say that with certainty, and any source that states a firm number or a guaranteed direction should be treated with real skepticism. What can be said is that neodymium's price direction tends to follow the balance between EV and wind turbine magnet demand, and how much processing capacity exists outside China at any given time — watching those factors is more useful than chasing a single predicted number.
Growing demand for neodymium-iron-boron magnets from both industries is a genuine structural trend that could support demand over the coming years. Whether that translates into higher prices depends heavily on how fast non-China processing capacity comes online alongside it, which is far less certain to predict.
Potentially, yes, though the timeline is genuinely uncertain. Building rare-earth processing capacity from scratch is a slow, technically demanding undertaking, and the publicly announced projects in the United States, Australia and elsewhere are still relatively early relative to China's decades of established infrastructure. If and when that capacity scales meaningfully, it could ease some of the supply concentration that currently defines this market — but that outcome isn't guaranteed on any particular timeline.
It's a real possibility worth keeping in mind rather than dismissing. This market has seen sharp, policy-driven price moves before, precisely because supply is so concentrated in one country's processing capacity. That history doesn't mean a repeat is imminent or likely on any given timeline — it means the risk is structurally real, not hypothetical.
EV production and wind turbine installation data, Chinese rare-earth export and licensing policy, the progress of non-China mining and processing projects, and broader USD/INR movement for the India-side rate. None of these alone decides the outlook, but together they explain most of what shows up in the price.
