Neodymium Price Today — USD/kg | Critical Minerals HQ
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Neodymium is a rare earth element essential for neodymium-iron-boron (NdFeB) permanent magnets — the strongest magnets in the world. These magnets are used in every electric vehicle motor and wind turbine generator.
Top Uses of Neodymium
- NdFeB permanent magnets for EV motors
- Wind turbine direct-drive generators
- Defense guidance systems and sensors
- Consumer electronics speakers and hard drives
Top Neodymium Producing Countries
- China
- United States
- Myanmar
- Australia
Why Neodymium Is a Critical Mineral
Neodymium is irreplaceable in EV motors and wind turbines. China controls 85% of global rare earth processing, making supply security a top priority for the U.S. and allies.
Related Critical Minerals
- Lithium —
- Cobalt —
- Dysprosium —
- Terbium —
- Praseodymium —
- Lanthanum —
Frequently Asked Questions about Neodymium
What is the price of neodymium today?
Critical Minerals HQ tracks the live neodymium price in USD/kg, refreshed every 15 minutes during market hours from institutional pricing feeds.
What is neodymium used for?
Neodymium is a rare earth element essential for neodymium-iron-boron (NdFeB) permanent magnets — the strongest magnets in the world. These magnets are used in every electric vehicle motor and wind turbine generator.
Which countries produce the most neodymium?
The leading producers of neodymium are China, United States, Myanmar, according to the latest USGS Mineral Commodity Summaries.
Why is neodymium considered a critical mineral?
Neodymium is irreplaceable in EV motors and wind turbines. China controls 85% of global rare earth processing, making supply security a top priority for the U.S. and allies.
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