# Neodymium Price per kg (United States)

As of October 2026, the US benchmark price of neodymium is $85.14 per kg contained.

Source: https://www.stockatomics.com/commodities/neodymium-price-us
Category: Critical Minerals (https://www.stockatomics.com/commodities/critical-minerals)
Lists: US Critical Minerals List, EU Critical Raw Materials Act

## Key figures

| Figure | Value |
| --- | --- |
| Price per kg contained | $85.14 |
| Price type | Stockatomics monthly benchmark |
| Price month | October 2026 |
| 1-month change | - |
| 6-month change | - |
| 1-year change | +30.4% |
| 5-year change | - |
| 12-month high | $85.14 |
| 12-month low | $85.14 |
| Last updated | 18 October 2026 |

## Price summary

In the past year the monthly price has moved between $85.14 and $85.14. Measured over the past year, neodymium is +30.4%.

## Neodymium monthly prices

USD per kg contained, newest first.

| Month | Price | Change |
| --- | --- | --- |
| October 2026 | $85.14 | 0.0% |
| September 2026 | $85.14 | 0.0% |
| August 2026 | $85.14 | 0.0% |
| July 2026 | $85.14 | 0.0% |
| June 2026 | $85.14 | 0.0% |
| May 2026 | $85.14 | 0.0% |
| April 2026 | $85.14 | 0.0% |
| March 2026 | $85.14 | 0.0% |
| February 2026 | $85.14 | 0.0% |
| January 2026 | $85.14 | 0.0% |
| December 2025 | $85.14 | 0.0% |
| November 2025 | $85.14 | 0.0% |
| October 2025 | $85.14 | 0.0% |
| September 2025 | $85.14 | 0.0% |
| August 2025 | $85.14 | 0.0% |
| July 2025 | $85.14 | 0.0% |
| June 2025 | $85.14 | 0.0% |
| May 2025 | $85.14 | 0.0% |
| April 2025 | $85.14 | 0.0% |
| March 2025 | $85.14 | 0.0% |
| February 2025 | $85.14 | 0.0% |
| January 2025 | $85.14 | +30.4% |
| December 2024 | $65.31 | 0.0% |
| November 2024 | $65.31 | 0.0% |
| October 2024 | $65.31 | 0.0% |
| September 2024 | $65.31 | 0.0% |
| August 2024 | $65.31 | 0.0% |
| July 2024 | $65.31 | 0.0% |
| June 2024 | $65.31 | 0.0% |
| May 2024 | $65.31 | 0.0% |
| April 2024 | $65.31 | 0.0% |
| March 2024 | $65.31 | 0.0% |
| February 2024 | $65.31 | 0.0% |
| January 2024 | $65.31 | −28.2% |
| December 2023 | $90.97 | 0.0% |
| November 2023 | $90.97 | 0.0% |
| October 2023 | $90.97 | 0.0% |
| September 2023 | $90.97 | 0.0% |
| August 2023 | $90.97 | 0.0% |
| July 2023 | $90.97 | 0.0% |
| June 2023 | $90.97 | 0.0% |
| May 2023 | $90.97 | 0.0% |
| April 2023 | $90.97 | 0.0% |
| March 2023 | $90.97 | 0.0% |
| February 2023 | $90.97 | 0.0% |
| January 2023 | $90.97 | −41.8% |
| December 2022 | $156.29 | 0.0% |
| November 2022 | $156.29 | 0.0% |
| October 2022 | $156.29 | 0.0% |
| September 2022 | $156.29 | 0.0% |
| August 2022 | $156.29 | 0.0% |
| July 2022 | $156.29 | 0.0% |
| June 2022 | $156.29 | 0.0% |
| May 2022 | $156.29 | 0.0% |
| April 2022 | $156.29 | 0.0% |
| March 2022 | $156.29 | 0.0% |
| February 2022 | $156.29 | 0.0% |
| January 2022 | $156.29 | +36.7% |
| December 2021 | $114.30 | 0.0% |
| November 2021 | $114.30 | 0.0% |
| October 2021 | $114.30 | 0.0% |
| September 2021 | $114.30 | 0.0% |
| August 2021 | $114.30 | 0.0% |
| July 2021 | $114.30 | 0.0% |
| June 2021 | $114.30 | 0.0% |
| May 2021 | $114.30 | 0.0% |
| April 2021 | $114.30 | 0.0% |
| March 2021 | $114.30 | 0.0% |
| February 2021 | $114.30 | 0.0% |
| January 2021 | $114.30 | - |

## What neodymium is used for

Neodymium (Nd) is the heart of **neodymium-iron-boron magnets**, the strongest permanent magnets made. They drive the traction motors of electric vehicles, the generators of direct-drive wind turbines, the motors of robots and drones, hard drives, speakers and the actuators of guided weapons. Magnet demand, more than any other use, decides the neodymium market.

### Other uses

- Nd:YAG lasers for industry and medicine
- Glass colouring, including welders' and glassblowers' goggles
- Ceramic capacitors
- Steel and magnesium alloy additives

## Neodymium supply and demand factors

Demand for neodymium rises with electric motors, wind turbines, robotics and electronics, all of which need neodymium-iron-boron magnets. Supply is mined in several countries, but **separation and metal-making** remain concentrated in China, which also sets mining quotas. Western supply chains are being rebuilt with government support, and support prices for US output have made it possible for prices inside and outside China to diverge.

### What moves the price

- Electric vehicle, wind and robotics demand
- Chinese mining quotas, separation output and export policy
- New separated supply from the US, Australia and elsewhere
- Government support programmes and price floors

## Neodymium price history

Neodymium prices rocketed in the 2011 rare earth bubble, then fell back for most of a decade. The electric vehicle boom drove a strong rally in 2021 and 2022, followed by a slump as Chinese output grew. China's 2025 export controls and US government support for domestic producers have since created a two-tier market, with prices for non-Chinese supply diverging from those inside China.

As of October 2026, the Stockatomics benchmark price is $85.14 per kg contained.

## Where neodymium is produced

**China** mines and separates most of the world's neodymium. The **United States** and **Australia** mine rare earth concentrate and have added separation capacity, and Myanmar is a significant source of feed for Chinese plants.

## Why neodymium is a critical mineral

Neodymium is on the **US critical minerals list**, and the light rare earths are on the **EU critical raw materials list**. Permanent magnets for electric vehicles, wind turbines and defence depend on it, and separation and magnet production are concentrated in China.

## How the neodymium benchmark price is calculated

Stockatomics publishes a US benchmark price for neodymium in US dollars per kg contained, reading as of October 2026. The price is quoted per kg of neodymium oxide, the form in which separated rare earths are usually sold, not for a finished magnet. Because China controls most supply, prices for buyers outside China can differ widely from Chinese domestic quotes.

### Converting the price

- Neodymium oxide contains about 86% neodymium, so a kilogram of oxide carries about 0.86 kg of neodymium; the metal trades at a premium to the oxide

## Neodymium stocks

| Company | Ticker | Exchange | Role |
| --- | --- | --- | --- |
| [Lynas Rare Earths](https://www.stockatomics.com/companies/lynas-rare-earths-asx-lyc) | LYC | ASX | Producer |
| [MP Materials](https://www.stockatomics.com/companies/mp-materials-nyse-mp) | MP | NYSE | Producer |

## FAQ

### What is the price of neodymium per kg today?

As of October 2026, the US benchmark price of neodymium is $85.14 per kg contained. Stockatomics updates it every month.

### What is neodymium used for?

Neodymium-iron-boron magnets, the strongest permanent magnets made, for electric vehicle motors, wind turbines, robots, drones, hard drives and guided weapons.

### Is mining the bottleneck for neodymium?

Often not. Separating neodymium from other rare earths and turning it into metal and magnets are the tighter steps, and both are concentrated in China.

### Why are there different neodymium prices?

Chinese export controls and government support for Western producers, including price floors, have created separate price levels for supply inside and outside China.

### How is the neodymium benchmark price calculated?

The Stockatomics benchmark for neodymium is a monthly US price in US dollars per kg contained, published every month and current as of October 2026.

## Related commodities

- [Praseodymium price per kg](https://www.stockatomics.com/commodities/praseodymium-price-us): $89.40 per kg contained
- [Lithium price per kg](https://www.stockatomics.com/commodities/lithium-price-us): $89.62 per kg contained
- [Copper price per kg](https://www.stockatomics.com/commodities/copper-price-us): $13.92 per kg contained
- [Cobalt price per kg](https://www.stockatomics.com/commodities/cobalt-price-us): $56.81 per kg contained
- [Nickel price per kg](https://www.stockatomics.com/commodities/nickel-price-us): $17.24 per kg contained
- [Graphite price per kg](https://www.stockatomics.com/commodities/graphite-price-us): $1.17 per kg graphite

## Sources

- U.S. trade data: the monthly neodymium price.
- U.S. Geological Survey (USGS): the US critical minerals list.
- Company filings: the listed companies and their roles.

Last updated 18 October 2026.