Neodymium oxide prices recovered after an earlier pullback, driven by tightening low-priced spot availability and reduced Southeast Asian ion-adsorption ore shipments pushing ore transaction costs higher. Suppliers held prices firm and limited sales, though downstream magnetic material buyers remained cautious with limited follow-through on purchases, leaving the market in a stalemate.
Pr-Nd recycled from NdFeB scrap edged up mid-week following the oxide price recovery, then stabilized as recycling enterprises grew cautious about chasing higher prices amid ongoing losses. Suppliers held back from selling in anticipation of further gains, while compliant tax-paid scrap supply remained tight, leaving actual transactions stagnant.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Neodymium Oxide | China | FOB | USD 137,708.00/MT | August 2026 |
| Neodymium Oxide | China | FOB | USD 120,571.00/MT | July 2026 |
Stay updated with the latest Neodymium Oxide prices, historical data, and tailored regional analysis
Asia
Asian neodymium oxide prices strengthened sharply during the first quarter before correcting in March. China remained the dominant source of separated rare-earth material, while tighter supply expectations and strong downstream magnet demand supported the initial rally. Prices then retreated as downstream purchasing failed to keep pace with the February surge and suppliers adjusted offers. The January-to-March movement nevertheless remained positive, showing that the correction did not erase the broader first-quarter increase. Export licensing requirements introduced for several rare-earth products since 2025 also continued to reinforce uncertainty around cross-border procurement, even though neodymium itself was not among the seven elements directly covered by the April 2025 controls.
Europe
European procurement remained exposed to China's dominant position in rare-earth processing and the limited availability of alternative separated material. Buyers faced a wider gap between Chinese domestic conditions and ex-China supply, reflecting the cost of diversification and supply-chain security. Demand from automotive, wind-power, industrial automation, and defence applications supported consumption of NdFeB magnets. However, elevated raw-material costs encouraged cautious purchasing and periodic inventory management. European buyers therefore remained sensitive to licensing developments, freight, and the availability of non-Chinese material.
North America
North American neodymium oxide procurement remained firm as manufacturers and policymakers accelerated efforts to establish alternative rare-earth supply chains. Domestic production and processing capacity expanded, while commercial NdFeB magnet production provided a downstream milestone. Nevertheless, new capacity remained insufficient to remove dependence on globally concentrated supply, keeping procurement conditions sensitive to Chinese export availability and international pricing. Defence, EVs, robotics, and other advanced technologies continued to support demand.
Analyst Insight
Neodymium oxide prices are likely to remain structurally supported, but further sharp gains may be moderated by demand-led corrections and expanding ex-China capacity.
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Asia
In 2025, Neodymium Oxide prices in Asia showed a gentle upward shift after stabilizing at low levels through late 2024. China continued to dominate supply, but tighter quota growth and stronger control over exports created a firmer tone in the market. Sellers no longer rushed to offload material as they had in previous years, and inventory pressure slowly eased. The surge in Praseodymium-Neodymium alloy prices later in the year signaled rising confidence, and Neodymium Oxide followed a similar pattern, though at a slower pace. Demand from electric vehicles and renewable energy projects stayed strong, and these sectors helped lift buying interest. Even so, prices did not jump sharply because overall supply remained healthy, and buyers in Asia continued to purchase carefully.
Europe
In Europe, 2025 prices for Neodymium Oxide trended upward but moved more cautiously than in Asia. The region faced a growing scarcity premium as ex-China supply chains were still developing, and buyers increasingly sought diversified sources. Government funding programs improved long term sentiment, but near-term supply remained heavily dependent on imports. As a result, European buyers experienced steady but not dramatic price increases. The sharp movements seen in some rare earths during late 2025 did influence sentiment, but Neodymium Oxide stayed more stable because European manufacturers still operated with conservative inventory strategies.
North America
In North America, prices in 2025 rose at a moderate pace. Growing government support for local rare earth processing improved the long-term outlook, but domestic supply was still limited, and buyers continued to rely on imports. The stronger demand from electric vehicles and wind energy slowly pushed prices upward. Market sentiment also firmed as investors paid more attention to supply risks and the need for non-Chinese production. However, the increases stayed controlled because stock levels remained sufficient for most of the year.
Neodymium oxide is a silvery-white, thermally stable compound insoluble in water. It is mainly used in making ceramics and has applications in electrochemical fuel cells.
Nd2O3
Magnets, glasses, goggles, lasers, as polymerization catalyst
neodymium sesquioxide
Hubei Jusheng, China Minmetals Rare Earth, Qiandong Group, Neostar United
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Neodymium oxide is obtained via the calcination of Neodymium oxalate. The raw ores of bastnaesite/monazite undergo mining, grinding, magnetic separation, beneficiation, sulfating, and roasting to form RE sulfate, which undergoes hydro metallurgy followed by solvent extraction and precipitation to form Neodymium oxalate, which, when calcined gives Neodymium oxide.
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