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Neodymium Price — 10-Day Trend Under Chinese Market Influence
All prices in ₹ per gram · daily rate, updated once per day
Two Kinds of Dominance, Not Just One
Neodymium is trading at ₹12.41 per gram today, September 17, 2026, and understanding why requires separating two things people often lump together: mining and processing. China holds the leading position in rare-earth mining — a genuinely large share of global ore output. But its real advantage, the one that matters more for how this market actually functions, is in processing and refining, where its share is even larger still.
That distinction is the single most important thing to understand about this market. Mining ore is one step. Turning that ore into individual, usable elements like neodymium is a completely different, much harder step — and China controls the second one more completely than the first.
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 |
Mining Is Only Half the Story
Rare-earth ore doesn't come out of the ground as neodymium, dysprosium or any other individual element — it comes out as a mixed concentrate containing several rare earths bound together with other minerals. Separating that concentrate into individually usable elements is a difficult, multi-stage chemical process, and it's also environmentally intensive, generating waste streams that require careful, costly handling. China built out this processing capacity over several decades, investing steadily while most other countries largely didn't prioritise doing the same.
Why even non-Chinese ore often ends up there anyway
That gap has a real practical consequence: rare-earth ore mined in countries like Australia frequently still gets shipped to China for the separation and refining step, simply because the processing capacity to do it elsewhere at scale doesn't yet exist in comparable volume. Add magnet manufacturing on top — turning refined neodymium into finished NdFeB magnets — and China's grip extends across nearly the entire value chain, not just the extraction stage at the start of it.
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 Non-China Response — Real, But Still Early
This concentration hasn't gone unnoticed by governments elsewhere. Countries including the United States and Australia have publicly announced genuine investment in building rare-earth mining and processing capacity of their own, explicitly citing supply-security concerns. These aren't vague intentions — real projects and real capital have gone into this effort in recent years.
What's fair to say, honestly, is that this buildout remains early relative to the scale of China's established infrastructure. Processing capacity takes years to plan, permit and construct, and matching decades of accumulated expertise and scale isn't something that happens on a short timeline. The trend toward diversification is real and worth tracking closely — it just hasn't yet meaningfully changed the underlying concentration that defines this market today.
Why China Dominates Rare Earth Supply — FAQs
China holds the leading position in rare-earth mining, but mining is only the smaller half of its dominance. Its more decisive advantage sits further down the supply chain, in processing and refining, where its share is even larger than its mining share.
Processing, clearly. Even rare-earth ore mined outside China — in Australia, for instance — often still gets shipped to China for the chemical separation and refining that turns mixed ore into individual usable elements like neodymium. That processing bottleneck is the more defining, more widely discussed feature of this market than the mining share alone.
Separating individual rare-earth elements from each other and from the ore they occur in is a difficult, multi-stage chemical process that is also environmentally intensive. China invested in building this capacity over several decades, while most other countries didn't prioritise it in the same way — some analyses point to the environmental costs as one reason other countries were slower to build competing capacity. Replicating that infrastructure elsewhere takes years, not months.
Countries including the United States and Australia have publicly announced real investment in mining and processing capacity outside China, citing supply-security concerns. This is a genuine, well-documented trend — but it remains early-stage relative to the scale of China's established infrastructure, so it hasn't yet meaningfully changed the overall picture of global supply concentration.
Yes, directly. Because so much of the rare-earth supply chain runs through one country's processing capacity, Chinese policy decisions — export rules, licensing changes, domestic demand shifts — can move the international benchmark, and therefore the India-side rate of ₹12.41 per gram shown here, more than an equivalent change would for a metal with a more evenly distributed supply chain.
