An overview of the quarterly price trend of neodymium magnet raw material. 

The price of PrNd metal has a decisive effect on the price of neodymium magnets.

The price of DyFe alloy has a considerable influence on the cost of high coercivity neodymium magnets.

The price of Tb metal has a considerable influence on the cost of high intrinsic coercivity and high energy neodymium magnets.

Source from: MagnetSearcher

Q1. Why is the demand for neodymium increasing?

A1. The neodymium market growth is being propelled by the rising demand for NdFeB magnets from end-use industries such as electronics and automotive. These magnets are further preferred in a range of applications such as wind turbines, advanced audio-visual equipment, and electric vehicles.

Q2. What is the forecast for neodymium?

A2. The neodymium market is forecasted to grow by USD 1472.7 mn during 2022-2027, accelerating at a CAGR of 8.44% during the forecast period.

Q3. What country is the main neodymium magnet producer?

A3. China produces more than 95% of rare earth elements and produces about 76% of the world's total rare-earth magnets, as well as most of the world's neodymium.

Q4. Which is stronger rare earth magnets or neodymium?

A4. Neodymium magnets are the most commonly used type of rare earth magnets. Rare earth magnets are made from rare earth elements found on the periodic table. Neodymium magnets are the strongest rare earth magnets and the strongest magnets in the world.

Q5. Which is better ferrite or neodymium?

A5. A rare earth or neodymium magnet is the most powerful of any permanent magnets and is around 2-7 times stronger than a regular or ferrite magnet. It can lift more than any other type of magnet of the same size.