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Neodymium Price — 10-Day Trend Behind the Magnet Story
All prices in ₹ per gram · daily rate, updated once per day
Neodymium's Job, in One Sentence: Making Magnets Strong
Ask what neodymium is used for and there's really one answer that covers nearly everything: neodymium-iron-boron magnets, known in the industry as NdFeB, the strongest class of permanent magnet in common industrial use. Today's benchmark rate of ₹12.41 per gram, September 17, 2026, is in a real sense a proxy for how hot demand for those magnets is running across a handful of industries.
Three sectors account for almost all of it: electric vehicle motors, wind turbine generators, and a steadier, older demand base spanning hard disk drives and general electronics.
- EV motors: compact, high-torque permanent-magnet motor designs
- Wind turbines: generators, especially direct-drive designs
- Electronics: hard disk drives, speakers, sensors — a smaller, steadier base
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 |
Why EV Motors and Wind Turbines Specifically Need This Magnet
An electric vehicle motor built around NdFeB magnets can be considerably more compact and higher-torque than one built around a weaker magnet material, and that compactness translates directly into better range and efficiency for the vehicle carrying it. That's not a minor engineering preference — it's close to the whole reason permanent-magnet synchronous motors have become the default choice across much of the EV industry.
Why direct-drive wind turbines need so much magnet material
Wind turbines tell a related but distinct story. A geared turbine uses a mechanical gearbox to step up the rotor's slow rotation into something a standard generator can use efficiently. A direct-drive turbine skips that gearbox entirely, which reduces one significant source of mechanical wear and maintenance — but it means the generator itself has to do more work, and that's where large NdFeB magnets come in. Direct-drive designs use meaningfully more magnet material per turbine than geared designs do, which is exactly why wind energy's shift toward direct-drive technology has become a real driver of neodymium demand in its own right.
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 | — |
The Older, Steadier Demand Base
Before EVs and utility-scale wind power turned neodymium into a name that shows up in energy-policy conversations, NdFeB magnets were already doing quiet, essential work inside consumer electronics. Hard disk drives use small versions of these magnets in their voice-coil motors to position the read/write head with precision, and despite the rise of solid-state storage, hard drives remain heavily used for bulk and archival data — data centres in particular still rely on them at scale.
Speakers, headphones and various sensors round out this older demand base. None of it moves the needle the way EV and wind turbine demand growth does, but it's a genuine, steady floor underneath the more headline-grabbing parts of neodymium's demand story — and it's a useful reminder that this metal's importance to modern manufacturing predates the clean-energy transition by decades.
What Is Neodymium Used For — FAQs
Neodymium-iron-boron magnets, commonly shortened to NdFeB — the strongest class of permanent magnet in common industrial use. These magnets are essential components in EV motors, wind turbine generators, hard disk drives, and a wide range of consumer electronics.
Their exceptional strength-to-size ratio lets EV manufacturers build compact, high-torque electric motors without the extra bulk a weaker magnet material would require. That compactness matters directly for vehicle range and efficiency, which is why permanent-magnet synchronous motors built around NdFeB magnets are so widely used in electric vehicles.
Wind turbine generators use large NdFeB magnets to convert rotational motion into electricity. This matters most in direct-drive turbine designs, which skip the mechanical gearbox that geared turbines rely on — direct-drive turbines use meaningfully more magnet material per unit than a geared design does, precisely because the magnets are doing work the gearbox would otherwise help with.
Yes, though the balance has shifted. Traditional hard disk drives use small NdFeB magnets in their voice-coil motors to position the read/write head, and hard drives remain widely used for bulk and archival data storage even as solid-state drives have taken over many consumer applications. It's a smaller, steadier demand source than EV motors or wind turbines, not a disappearing one.
Ferrite magnets are a cheaper, weaker alternative used in applications that don't need NdFeB's exceptional strength — everyday speakers and simple motors, for instance. For applications demanding the highest strength-to-size ratio, particularly compact EV motors and direct-drive wind turbines, there isn't a widely adopted substitute that matches NdFeB's performance today.
