Neodymium Magnet Price Trend

Neodymium magnets generally consist of 28.0-33.0wt% rare earth elements, 0.8-1.2wt% Boron (B), with Iron (Fe) forming the majority. Raw materials account for about 80% of the Neodymium magnet price, with rare earths like Neodymium (Nd), Praseodymium (Pr), Lanthanum (La), Cerium (Ce), Dysprosium (Dy), and Terbium (Tb) comprising over 90% of that cost. With a typical Nd₂Fe₁₄B composition, the Neodymium magnet price trend closely follows PrNd mischmetal cost fluctuations, a primary raw material. Heavy rare earths like Dy and Tb, enhancing coercivity Hcj and thermal stability, also impact the Neodymium magnet price trend through DyFe alloy and Tb metal price changes.