Rare Earth Alloy NdPr and NdPr Price

Our article details the history of NdPr pricing since 2006, emphasizing the significance of strategic procurement planning and the cost-stabilizing solutions we offer at Neo Magnets. Join us to navigate the volatile NdPr market and secure financial predictability for your magnet-related operations.

Learn about the critical role of Praseodymium-Neodymium (NdPr) in manufacturing NdFeB magnets and how NdPr price impacts the magnet industry. Discover the transition from pure neodymium usage to the more economical NdPr alloy and its extensive influence on production expenses. Our article details the history of NdPr pricing since 2006, emphasizing the significance of strategic procurement planning and the cost-stabilizing solutions we offer at Neo Magnets. Join us to navigate the volatile NdPr market and secure financial predictability for your magnet-related operations.

Introduction: NdPr alloy and its Price

The NdPr alloy is the predecessor to pure néodyme (Nd) metal. Initially, praseodymium (Pr) was mistakenly believed to weaken the magnetic capabilities, leading producers to utilize solely Nd metal in crafting NdFeB strip casting ingot. Subsequent discoveries, however, revealed that praseodymium could replace neodymium to some extent without diminishing the magnets’ strength. This insight led manufacturers to use the more cost-effective NdPr alloy directly, bypassing the pricey separation process and the extraneous costs associated with Nd.

Why does NdPr Price matter?

The cost of Praseodymium-Neodymium (NdPr) commands attention from entities within the neodymium-iron-boron (NdFeB) magnet manufacturing sphere, as well as businesses highly reliant on these powerful magnets. NdPr is fundamental in producing Aimants NdFeB, and its price fluctuations are widely seen as a bellwether for changes in the overall cost of neodymium magnets due to its significant share in their production expenses.

NdPr Price Chart - since 2006

The pricing of NdPr is known for its unpredictability, occasionally experiencing surges greater than 20% over a couple of months. Consequently, it is advantageous for purchasers to strategize their procurement schedules in advance. At Neo Magnets, our approach emphasizes forming strategic partnerships with clients, aiming to aid them in stabilizing their expenses. One of our strategies includes locking in prices for our customers to mitigate the financial impact of market volatility. To delve into further details, we encourage a direct conversation with us.

x	Pr-Nd
2023-10-11	652,500
2023-10-10	655,500
2023-10-09	655,500
2023-09-27	640,500
2023-09-26	640,500
2023-09-25	640,500
2023-09-22	640,500
2023-09-21	640,500
2023-09-20	640,500
2023-09-19	642,500
2023-09-18	642,500
2023-09-15	642,500
2023-09-14	642,500
2023-09-13	647,500
2023-09-12	647,500
2023-09-11	637,500
2023-09-08	637,500
2023-09-07	637,500
2023-09-06	637,500
2023-09-05	637,500
2023-09-04	622,500
2023-09-01	612,500
2023-08-31	612,500
2023-08-30	612,500
2023-08-29	612,500
2023-08-28	607,500
2023-08-25	602,500
2023-08-24	602,500
2023-08-23	612,500
2023-08-22	612,500
2023-08-21	597,500
2023-08-18	592,500
2023-08-17	587,500
2023-08-16	587,500
2023-08-15	585,000
2023-08-14	585,000
2023-08-11	585,000
2023-08-10	585,000
2023-08-09	582,000
2023-08-08	580,000
2023-08-07	575,000
2023-08-04	575,000
2023-08-03	575,000
2023-08-02	575,000
2023-08-01	570,000
2023-07-31	570,000
2023-07-28	570,000
2023-07-27	570,000
2023-07-26	570,000
2023-07-25	570,000
2023-07-24	565,000
2023-07-21	553,000
2023-07-20	552,000
2023-07-19	550,000
2023-07-18	550,000
2023-07-17	550,000
2023-07-14	545,000
2023-07-13	535,000
2023-07-12	530,000
2023-07-11	530,000
2023-07-10	545,000
2023-07-07	553,000
2023-07-06	553,000
2023-07-05	553,000
2023-07-04	555,000
2023-07-03	563,000
2023-06-30	563,000
2023-06-29	573,000
2023-06-28	583,000
2023-06-27	593,000
2023-06-26	595,000
2023-06-25	602,000
2023-06-21	602,000
2023-06-20	603,000
2023-06-19	605,000
2023-06-16	605,000
2023-06-15	605,000
2023-06-14	605,000
2023-06-13	605,000
2023-06-12	605,000
2023-06-09	605,000
2023-06-08	605,000
2023-06-07	605,000
2023-06-06	605,000
2023-06-05	600,000
2023-06-02	600,000
2023-06-01	605,000
2023-05-31	608,000
2023-05-30	610,000
2023-05-29	595,000
2023-05-26	580,000
2023-05-25	577,000
2023-05-24	577,000
2023-05-23	577,000
2023-05-22	567,000
2023-05-19	565,000
2023-05-18	565,000
2023-05-17	565,000
2023-05-16	563,000
2023-05-15	553,000
2023-05-12	553,000
2023-05-11	553,000
2023-05-10	555,000
2023-05-09	555,000
2023-05-08	540,000
2023-05-06	540,000
2023-05-05	545,000
2023-05-04	550,000
2023-04-28	550,000
2023-04-27	550,000
2023-04-26	555,000
2023-04-25	570,000
2023-04-24	575,000
2023-04-23	578,000
2023-04-21	580,000
2023-04-20	580,000
2023-04-19	580,000
2023-04-18	580,000
2023-04-17	585,000
2023-04-14	597,000
2023-04-13	615,000
2023-04-12	620,000
2023-04-11	625,000
2023-04-10	630,000
2023-04-07	640,000
2023-04-06	643,000
2023-04-04	645,000
2023-04-03	640,000
2023-03-31	640,000
2023-03-30	650,000
2023-03-29	655,000
2023-03-28	665,000
2023-03-27	675,000
2023-03-24	680,000
2023-03-23	683,000
2023-03-22	683,000
2023-03-21	665,000
2023-03-20	665,000
2023-03-17	670,000
2023-03-16	675,000
2023-03-15	675,000
2023-03-14	705,000
2023-03-13	720,000
2023-03-10	740,000
2023-03-09	750,000
2023-03-08	760,000
2023-03-07	760,000
2023-03-06	770,000
2023-03-03	793,000
2023-03-02	813,000
2023-03-01	815,000
2023-02-28	825,000
2023-02-27	835,000
2023-02-24	840,000
2023-02-23	840,000
2023-02-22	840,000
2023-02-21	850,000
2023-02-20	850,000
2023-02-17	850,000
2023-02-16	850,000
2023-02-15	855,000
2023-02-14	865,000
2023-02-13	875,000
2023-02-10	880,000
2023-02-09	885,000
2023-02-08	890,000
2023-02-07	895,000
2023-02-06	897,000
2023-02-03	898,000
2023-02-02	900,000
2023-02-01	900,000
2023-01-31	895,000
2023-01-30	885,000
2023-01-18	880,000
2023-01-17	880,000
2023-01-16	880,000
2023-01-13	880,000
2023-01-12	875,000
2023-01-11	875,000
2023-01-10	875,000
2023-01-09	870,000
2023-01-06	870,000
2023-01-05	870,000
2023-01-04	870,000
2023-01-03	865,000
2022-12-30	865,000
2022-12-29	865,000
2022-12-28	863,000
2022-12-27	860,000
2022-12-26	860,000
2022-12-23	860,000
2022-12-22	860,000
2022-12-21	845,000
2022-12-20	845,000
2022-12-19	845,000
2022-12-16	845,000
2022-12-15	830,000
2022-12-14	825,000
2022-12-13	825,000
2022-12-12	823,000
2022-12-09	823,000
2022-12-08	825,000
2022-12-07	825,000
2022-12-06	815,000
2022-12-05	805,000
2022-12-02	805,000
2022-12-01	805,000
2022-11-30	795,000
2022-11-29	795,000
2022-11-28	795,000
2022-11-25	795,000
2022-11-24	793,000
2022-11-23	793,000
2022-11-22	793,000
2022-11-21	795,000
2022-11-18	795,000
2022-11-17	790,000
2022-11-16	790,000
2022-11-15	790,000
2022-11-14	790,000
2022-11-11	790,000
2022-11-10	793,000
2022-11-09	795,000
2022-11-08	795,000
2022-11-07	785,000
2022-11-04	785,000
2022-11-03	785,000
2022-11-02	785,000
2022-11-01	790,000
2022-10-31	795,000
2022-10-28	805,000
2022-10-27	815,000
2022-10-26	815,000
2022-10-25	815,000
2022-10-24	815,000
2022-10-21	815,000
2022-10-20	820,000
2022-10-19	825,000
2022-10-18	828,000
2022-10-17	828,000
2022-10-14	830,000
2022-10-13	830,000
2022-10-12	835,000
2022-10-11	835,000
2022-10-10	835,000
2022-09-29	815,000
2022-09-28	815,000
2022-09-27	815,000
2022-09-26	795,000
2022-09-23	775,000
2022-09-22	775,000
2022-09-21	775,000
2022-09-20	775,000
2022-09-19	750,000
2022-09-16	735,000
2022-09-15	735,000
2022-09-14	735,000
2022-09-13	735,000
2022-09-09	735,000
2022-09-08	720,000
2022-09-07	720,000
2022-09-06	720,000
2022-09-05	740,000
2022-09-02	740,000
2022-09-01	755,000
2022-08-31	760,000
2022-08-30	760,000
2022-08-29	770,000
2022-08-26	775,000
2022-08-25	775,000
2022-08-24	780,000
2022-08-23	800,000
2022-08-22	840,000
2022-08-19	875,000
2022-08-18	895,000
2022-08-17	900,000
2022-08-16	910,000
2022-08-15	915,000
2022-08-12	920,000
2022-08-11	925,000
2022-08-10	930,000
2022-08-09	930,000
2022-08-08	935,000
2022-08-05	940,000
2022-08-04	945,000
2022-08-03	950,000
2022-08-02	970,000
2022-08-01	985,000
2022-07-29	985,000
2022-07-28	990,000
2022-07-27	990,000
2022-07-26	990,000
2022-07-25	990,000
2022-07-22	990,000
2022-07-21	995,000
2022-07-20	1,005,000
2022-07-19	1,015,000
2022-07-18	1,030,000
2022-07-15	1,040,000
2022-07-14	1,045,000
2022-07-13	1,050,000
2022-07-12	1,070,000
2022-07-11	1,100,000
2022-07-08	1,100,000
2022-07-07	1,105,000
2022-07-06	1,115,000
2022-07-05	1,130,000
2022-07-04	1,135,000
2022-07-01	1,135,000
2022-06-30	1,138,000
2022-06-29	1,138,000
2022-06-28	1,140,000
2022-06-27	1,140,000
2022-06-24	1,140,000
2022-06-23	1,140,000
2022-06-22	1,145,000
2022-06-21	1,150,000
2022-06-20	1,155,000
2022-06-17	1,155,000
2022-06-16	1,155,000
2022-06-15	1,155,000
2022-06-14	1,160,000
2022-06-13	1,160,000
2022-06-10	1,160,000
2022-06-09	1,160,000
2022-06-08	1,160,000
2022-06-07	1,160,000
2022-06-06	1,155,000
2022-06-02	1,155,000
2022-06-01	1,155,000
2022-05-31	1,155,000
2022-05-30	1,155,000
2022-05-27	1,155,000
2022-05-26	1,155,000
2022-05-25	1,145,000
2022-05-24	1,145,000
2022-05-23	1,135,000
2022-05-20	1,135,000
2022-05-19	1,145,000
2022-05-18	1,145,000
2022-05-17	1,115,000
2022-05-16	1,095,000
2022-05-13	1,095,000
2022-05-12	1,095,000
2022-05-11	1,090,000
2022-05-10	1,090,000
2022-05-09	1,070,000
2022-05-07	1,065,000
2022-05-06	1,055,000
2022-05-05	1,035,000
2022-04-29	1,035,000
2022-04-28	1,035,000
2022-04-27	1,040,000
2022-04-26	1,040,000
2022-04-25	1,040,000
2022-04-24	1,035,000
2022-04-22	1,035,000
2022-04-21	1,045,000
2022-04-20	1,050,000
2022-04-19	1,050,000
2022-04-18	1,020,000
2022-04-15	1,015,000
2022-04-14	1,035,000
2022-04-13	1,045,000
2022-04-12	1,075,000
2022-04-11	1,095,000
2022-04-08	1,095,000
2022-04-07	1,105,000
2022-04-06	1,115,000
2022-04-02	1,115,000
2022-04-01	1,150,000
2022-03-31	1,185,000
2022-03-30	1,190,000
2022-03-29	1,195,000
2022-03-28	1,205,000
2022-03-25	1,215,000
2022-03-24	1,215,000
2022-03-23	1,215,000
2022-03-22	1,230,000
2022-03-21	1,265,000
2022-03-18	1,275,000
2022-03-17	1,285,000
2022-03-16	1,290,000
2022-03-15	1,310,000
2022-03-14	1,315,000
2022-03-11	1,315,000
2022-03-10	1,335,000
2022-03-09	1,345,000
2022-03-08	1,345,000
2022-03-07	1,350,000
2022-03-04	1,350,000
2022-03-03	1,350,000
2022-03-02	1,350,000
2022-03-01	1,350,000
2022-02-28	1,350,000
2022-02-25	1,350,000
2022-02-24	1,355,000
2022-02-23	1,355,000
2022-02-22	1,345,000
2022-02-21	1,345,000
2022-02-18	1,345,000
2022-02-17	1,345,000
2022-02-16	1,310,000
2022-02-15	1,275,000
2022-02-14	1,240,000
2022-02-11	1,205,000
2022-02-10	1,205,000
2022-02-09	1,195,000
2022-02-08	1,165,000
2022-02-07	1,155,000
2022-01-28	1,155,000
2022-01-27	1,155,000
2022-01-26	1,155,000
2022-01-25	1,150,000
2022-01-24	1,150,000
2022-01-21	1,145,000
2022-01-20	1,125,000
2022-01-19	1,115,000
2022-01-18	1,115,000
2022-01-17	1,115,000
2022-01-14	1,115,000
2022-01-13	1,115,000
2022-01-12	1,115,000
2022-01-11	1,115,000
2022-01-10	1,115,000
2022-01-07	1,115,000
2022-01-06	1,100,000
2022-01-05	1,070,000
2022-01-04	1,055,000
2021-12-31	1,045,000
2021-12-30	1,045,000
2021-12-29	1,040,000
2021-12-28	1,040,000
2021-12-27	1,040,000
2021-12-24	1,040,000
2021-12-23	1,040,000
2021-12-22	1,040,000
2021-12-21	1,045,000
2021-12-20	1,045,000
2021-12-17	1,045,000
2021-12-16	1,045,000
2021-12-15	1,050,000
2021-12-14	1,050,000
2021-12-13	1,050,000
2021-12-10	1,055,000
2021-12-09	1,055,000
2021-12-08	1,055,000
2021-12-07	1,055,000
2021-12-06	1,055,000
2021-12-03	1,055,000
2021-12-02	1,055,000
2021-12-01	1,055,000
2021-11-30	1,050,000
2021-11-29	1,045,000
2021-11-26	1,045,000
2021-11-25	1,015,000
2021-11-24	980,000
2021-11-23	975,000
2021-11-22	970,000
2021-11-19	965,000
2021-11-18	970,000
2021-11-17	970,000
2021-11-16	975,000
2021-11-15	975,000
2021-11-12	965,000
2021-11-11	950,000
2021-11-10	940,000
2021-11-09	940,000
2021-11-08	940,000
2021-11-05	915,000
2021-11-04	890,000
2021-11-03	880,000
2021-11-02	875,000
2021-11-01	875,000
2021-10-29	880,000
2021-10-28	875,000
2021-10-27	852,500
2021-10-26	830,500
2021-10-25	807,500
2021-10-22	797,500
2021-10-21	774,500
2021-10-20	767,500
2021-10-19	762,500
2021-10-18	755,500
2021-10-15	755,500
2021-10-14	755,500
2021-10-13	754,500
2021-10-12	747,500
2021-10-11	747,500
2021-09-29	735,500
2021-09-28	735,500
2021-09-27	739,500
2021-09-26	739,500
2021-09-24	739,500
2021-09-23	739,500
2021-09-22	742,500
2021-09-18	742,500
2021-09-17	742,500
2021-09-16	742,500
2021-09-15	742,500
2021-09-14	742,500
2021-09-13	737,500
2021-09-10	737,500
2021-09-09	737,500
2021-09-08	737,500
2021-09-07	737,500
2021-09-06	737,500
2021-09-03	737,500
2021-09-02	744,500
2021-09-01	747,500
2021-08-31	747,500
2021-08-30	750,500
2021-08-27	750,500
2021-08-26	757,500
2021-08-25	757,500
2021-08-24	757,500
2021-08-23	757,500
2021-08-20	752,500
2021-08-19	752,500
2021-08-18	752,500
2021-08-17	757,500
2021-08-16	767,500
2021-08-13	777,500
2021-08-12	777,500
2021-08-11	775,500
2021-08-10	775,500
2021-08-09	775,500
2021-08-06	775,500
2021-08-05	782,500
2021-08-04	782,500
2021-08-03	775,500
2021-08-02	770,500
2021-07-30	752,500
2021-07-29	732,500
2021-07-28	727,500
2021-07-27	727,500
2021-07-26	722,500
2021-07-23	722,500
2021-07-22	742,500
2021-07-21	742,500
2021-07-20	729,500
2021-07-19	709,500
2021-07-16	689,500
2021-07-15	669,500
2021-07-14	650,500
2021-07-13	650,500
2021-07-12	650,500
2021-07-09	652,500
2021-07-08	652,500
2021-07-07	635,500
2021-07-06	617,500
2021-07-05	602,500
2021-07-02	597,500
2021-07-01	592,500
2021-06-30	587,500
2021-06-29	582,500
2021-06-28	577,500
2021-06-25	577,500
2021-06-24	572,500
2021-06-23	572,500
2021-06-22	572,500
2021-06-21	572,500
2021-06-18	575,500
2021-06-17	580,500
2021-06-16	580,500
2021-06-15	580,500
2021-06-11	580,500
2021-06-10	580,500
2021-06-09	580,500
2021-06-08	585,500
2021-06-07	589,500
2021-06-04	592,500
2021-06-03	597,500
2021-06-02	602,500
2021-06-01	610,500
2021-05-31	610,500
2021-05-28	610,500
2021-05-27	607,500
2021-05-26	607,500
2021-05-25	597,500
2021-05-24	597,500
2021-05-21	600,500
2021-05-20	610,500
2021-05-19	617,500
2021-05-18	622,500
2021-05-17	630,500
2021-05-14	632,500
2021-05-13	637,500
2021-05-12	640,500
2021-05-11	640,500
2021-05-10	640,500
2021-05-08	640,500
2021-05-07	650,500
2021-05-06	665,500
2021-04-30	665,500
2021-04-29	670,500
2021-04-28	677,500
2021-04-27	680,500
2021-04-26	680,500
2021-04-25	685,500
2021-04-23	685,500
2021-04-22	687,500
2021-04-21	687,500
2021-04-20	687,500
2021-04-19	692,500
2021-04-16	699,500
2021-04-15	702,500
2021-04-14	707,500
2021-04-13	707,500
2021-04-12	712,500
2021-04-09	712,500
2021-04-08	717,500
2021-04-07	717,500
2021-04-06	722,500
2021-04-02	722,500
2021-04-01	724,500
2021-03-31	727,500
2021-03-30	730,500
2021-03-29	732,500
2021-03-26	732,500
2021-03-25	732,500
2021-03-24	732,500
2021-03-23	717,500
2021-03-22	712,500
2021-03-19	712,500
2021-03-18	712,500
2021-03-17	712,500
2021-03-16	712,500
2021-03-15	712,500
2021-03-12	712,500
2021-03-11	717,500
2021-03-10	732,500
2021-03-09	742,500
2021-03-08	747,500
2021-03-05	747,500
2021-03-04	730,500
2021-03-03	710,500
2021-03-02	695,500
2021-03-01	675,500
2021-02-26	657,500
2021-02-25	640,500
2021-02-24	622,500
2021-02-23	605,500
2021-02-22	589,500
2021-02-05	572,500
2021-02-04	572,500
2021-02-03	570,500
2021-02-02	567,500
2021-02-01	567,500
2021-01-29	567,500
2021-01-28	567,500
2021-01-27	567,500
2021-01-26	567,500
2021-01-25	567,500
2021-01-22	567,500
2021-01-21	567,500
2021-01-20	567,500
2021-01-19	567,500
2021-01-18	552,500
2021-01-15	547,500
2021-01-14	547,500
2021-01-13	537,500
2021-01-12	532,500
2021-01-11	522,500
2021-01-08	517,500
2021-01-07	515,500
2021-01-06	512,500
2021-01-05	512,500
2021-01-04	512,500
2020-12-31	512,500
2020-12-30	512,500
2020-12-29	507,500
2020-12-28	505,500
2020-12-25	505,500
2020-12-24	505,500
2020-12-23	502,500
2020-12-22	502,500
2020-12-21	502,500
2020-12-18	502,500
2020-12-17	502,500
2020-12-16	502,500
2020-12-15	502,500
2020-12-14	517,500
2020-12-11	522,500
2020-12-10	534,500
2020-12-09	542,500
2020-12-08	547,500
2020-12-07	547,500
2020-12-04	547,500
2020-12-03	547,500
2020-12-02	547,500
2020-12-01	539,500
2020-11-30	539,500
2020-11-27	539,500
2020-11-26	524,500
2020-11-25	504,500
2020-11-24	487,500
2020-11-23	475,500
2020-11-20	462,500
2020-11-19	452,500
2020-11-18	444,500
2020-11-17	432,500
2020-11-16	432,500
2020-11-13	432,500
2020-11-12	432,500
2020-11-11	432,500
2020-11-10	432,500
2020-11-09	432,500
2020-11-06	432,500
2020-11-05	432,500
2020-11-04	427,500
2020-11-03	424,500
2020-11-02	419,500
2020-10-30	414,500
2020-10-29	414,500
2020-10-28	414,500
2020-10-27	414,500
2020-10-26	414,500
2020-10-23	412,500
2020-10-22	412,500
2020-10-21	412,500
2020-10-20	412,500
2020-10-19	412,500
2020-10-16	412,500
2020-10-15	410,500
2020-10-14	410,500
2020-10-13	410,500
2020-10-12	410,500
2020-09-29	412,500
2020-09-28	412,500
2020-09-27	412,500
2020-09-25	415,500
2020-09-24	420,500
2020-09-23	425,500
2020-09-22	430,500
2020-09-21	430,500
2020-09-18	430,500
2020-09-17	430,500
2020-09-16	430,500
2020-09-15	432,500
2020-09-14	435,500
2020-09-11	437,500
2020-09-10	437,500
2020-09-09	440,500
2020-09-08	440,500
2020-09-07	440,500
2020-09-04	440,500
2020-09-03	440,500
2020-09-02	440,500
2020-09-01	440,500
2020-08-31	440,500
2020-08-28	440,500
2020-08-27	440,500
2020-08-26	440,500
2020-08-25	440,500
2020-08-24	440,500
2020-08-21	445,500
2020-08-20	445,500
2020-08-19	442,500
2020-08-18	432,500
2020-08-17	425,500
2020-08-14	420,500
2020-08-13	415,500
2020-08-12	415,500
2020-08-11	410,500
2020-08-10	407,500
2020-08-07	402,500
2020-08-06	397,500
2020-08-05	397,500
2020-08-04	389,500
2020-08-03	384,500
2020-07-31	377,500
2020-07-30	375,500
2020-07-29	373,500
2020-07-28	372,500
2020-07-27	372,500
2020-07-24	372,500
2020-07-23	372,500
2020-07-22	372,500
2020-07-21	372,500
2020-07-20	372,500
2020-07-17	372,500
2020-07-16	373,500
2020-07-15	373,500
2020-07-14	372,500
2020-07-13	372,500
2020-07-10	370,500
2020-07-09	370,500
2020-07-08	370,500
2020-07-07	370,500
2020-07-06	370,500
2020-07-03	372,500
2020-07-02	372,500
2020-07-01	372,500
2020-06-30	370,500
2020-06-29	369,500
2020-06-28	369,500
2020-06-24	367,500
2020-06-23	362,500
2020-06-22	360,500
2020-06-19	360,500
2020-06-18	360,500
2020-06-17	360,500
2020-06-16	362,500
2020-06-15	365,500
2020-06-12	367,500
2020-06-11	367,500
2020-06-10	362,500
2020-06-09	357,500
2020-06-08	349,500
2020-06-05	344,500
2020-06-04	344,500
2020-06-03	342,500
2020-06-02	340,500
2020-06-01	340,500
2020-05-29	340,500
2020-05-28	339,500
2020-05-27	339,500
2020-05-26	339,500
2020-05-25	339,500
2020-05-22	339,500
2020-05-21	339,500
2020-05-20	339,500
2020-05-19	339,500
2020-05-18	339,500
2020-05-15	339,500
2020-05-14	339,500
2020-05-13	339,500
2020-05-12	337,500
2020-05-11	336,500
2020-05-09	336,500
2020-05-08	335,500
2020-05-07	334,500
2020-05-06	334,500
2020-04-30	334,500
2020-04-29	334,500
2020-04-28	334,500
2020-04-27	334,500
2020-04-26	333,500
2020-04-24	332,500
2020-04-23	332,500
2020-04-22	332,500
2020-04-21	332,500
2020-04-20	332,500
2020-04-17	332,500
2020-04-16	332,500
2020-04-15	332,500
2020-04-14	332,500
2020-04-13	332,500
2020-04-10	332,500
2020-04-09	334,500
2020-04-08	335,500
2020-04-07	337,500
2020-04-03	338,500
2020-04-02	339,500
2020-04-01	339,500
2020-03-31	340,500
2020-03-30	340,500
2020-03-27	340,500
2020-03-26	340,500
2020-03-25	340,500
2020-03-24	342,500
2020-03-23	342,500
2020-03-20	342,500
2020-03-19	342,500
2020-03-18	342,500
2020-03-17	345,500
2020-03-16	345,500
2020-03-13	347,500
2020-03-12	347,500
2020-03-11	347,500
2020-03-10	349,500
2020-03-09	352,500
2020-03-06	352,500
2020-03-05	354,500
2020-03-04	354,500
2020-03-03	355,500
2020-03-02	357,500
2020-02-28	357,500
2020-02-27	359,500
2020-02-26	359,500
2020-02-25	362,500
2020-02-24	362,500
2020-02-21	364,500
2020-02-20	364,500
2020-02-19	362,500
2020-02-18	357,500
2020-02-17	357,500
2020-02-14	357,500
2020-02-13	357,500
2020-02-12	357,500
2020-02-11	357,500
2020-02-10	357,500
2020-02-07	357,500
2020-02-06	357,500
2020-02-05	357,500
2020-02-04	357,500
2020-01-21	357,500
2020-01-20	357,500
2020-01-19	357,500
2020-01-17	357,500
2020-01-16	357,500
2020-01-15	357,500
2020-01-14	357,500
2020-01-13	357,500
2020-01-10	357,500
2020-01-09	357,500
2020-01-08	358,500
2020-01-07	358,500
2020-01-06	360,500
2020-01-03	360,500
2020-01-02	360,500

NdPr Price Future Trajectory: Market Forecast

Short-Term Outlook

NdPr prices are expected to show moderate volatility in the immediate future, mirroring the fluctuating market demand and ongoing geopolitical tensions. Analysts suggest:

Next Quarter: A slight dip due to anticipated cool-off in manufacturing post-holiday season.
Next Six Months: Potential recovery as the renewable energy sector’s demand increases with the summer production ramp-up.

1 to 2-Year Perspective

Looking at the 1-2 year horizon, we expect the following trends to come into play:

Demand Surge: The electric vehicle (EV) market continues to expand, and with EVs requiring approximately twice the amount of NdPr compared to internal combustion engine vehicles, demand should drive prices upward.
Supply Adjustments: If new mining projects come online as scheduled, this could ease supply constraints and dampen price growth.

Long-Term Predictions (5+ Years)

Over a longer stretch, the NdPr market may experience:

Sustained Growth: As the world moves toward greener technologies, the demand for high-efficiency permanent magnets, NdPr, will likely remain strong, potentially pushing prices higher.
Technological Breakthroughs: Should recycling technology or material innovation significantly reduce the need for freshly mined NdPr, this could alleviate price pressures.

NdPr Production and Supply Chain Insights

The journey of neodymium and praseodymium (NdPr) from the depths of the earth to the high-tech devices we use daily involves multifaceted processes and international logistics. Geopolitical forces and economic policies can significantly impact production and prices at each stage.

NdPr Production Process

Mining and Extraction

NdPr is mined from minerals such as monazite and bastnäsite, which combine rare earth elements. The primary steps in the production process include:

Ore Extraction: Mining the ore from hard rock deposits or sand using traditional mining techniques or less invasive methods like in-situ leaching.
Concentration: The extracted ore is then concentrated through flotation to increase the rare earth oxide content.
Separation: The concentrate is further chemically treated, typically with acid baths and solvent extractions, to separate the required elements.

Refining and Metal Production

After separation, the resulting rare earth oxides are refined into metals and alloys, transforming into forms usable for manufacturing.

Supply Chain from Mine to Market

The supply chain for NdPr involves numerous interconnected stages:

Mining Operations: Held in countries like China, Australia, and the United States.
Processing Plants: Where separation and refining occur, often located close to mining sites to reduce transportation costs.
Metal and Alloy Producers: These outfits convert oxides into metals and alloys suitable for magnet production.
Magnet Manufacturers: They produce the final magnets used by consumer electronics, automotive, defense, and renewable energy sectors.
End Users: Companies that integrate these magnets into various products and technologies.

Major Producing Countries and Companies

China dominates production and processing, controlling most of the global market. With companies like Lynas Corporation and Northern Minerals, Australia is also a significant player in NdPr mining. MP Materials is re-establishing a full rare earth supply chain in the USA at the Mountain Pass mine.

Geopolitics and Its Impact

The global demand for NdPr is heavily influenced by geopolitics:

Trade Policies: Tariffs and trade barriers can alter the flow of rare earth elements, affecting availability and prices.
Export Quotas: Countries like China may impose export quotas to regulate domestic resource conservation and price control, impacting global markets.
National Security Concerns: NdPr’s role in defense technology makes it a strategic resource, leading countries to establish domestic supplies for security reasons.
Environmental Regulations: Stricter environmental controls in mining and processing can lead to supply shortages and price spikes.

The NdPr market is particularly sensitive to changes in the political landscape. For instance, international disputes can lead to countries seeking alternative sources, hastening the development of new mines and processing facilities in geopolitically stable regions.

In conclusion, the production and supply chain for NdPr is a testament to the complexities of modern commodities markets, where production efficiency must be balanced with environmental concerns and geopolitical strategies. Given its critical role in several future-facing industries, NdPr’s path from mine to market remains of paramount economic importance.

Demand Drivers for NdPr

The demand for NdPr is closely tied to the following sectors:

Electric Vehicles (EVs): EVs are a significant NdPr demand driver. Each electric or hybrid vehicle uses approximately 1-2 kilograms of rare earth elements, mainly in the traction motors. With global sales of EVs rising exponentially due to environmental concerns and government incentives, the demand for NdPr is expected to accelerate proportionally. This surge is anticipated to exert an upward force on prices.

Énergies renouvelables: Wind turbines are another major NdPr consumer. The direct-drive turbines, which eliminate the need for a gearbox, rely on NdPr for their permanent magnet generators. As nations aim for more ambitious renewable energy targets, demand from this sector will grow, potentially placing further pressure on NdPr prices.

Électronique grand public: The proliferation of consumer electronics increases NdPr demand. NdPr-based magnets are found in headphones, computer hard drives, and smartphones – products with a high rate of turnover and an insatiable market demand. Rapid technological advancements and shortening product lifecycles in consumer electronics perpetuate a strong and steady demand for these rare earth elements.

Defense and Aerospace: Advanced defense systems, including precision-guided munitions, communications equipment, and other critical military hardware, rely on NdPr magnets for their performance. The aerospace industry also utilizes NdPr in various applications, including engines and other critical flight systems. The strategic nature of this demand can lead to prioritization and stockpiling, which may further influence NdPr market prices.

Industrial Automation and Robotics: As industries shift towards automation, robotics, and industrial systems with high-performance motors that require NdPr have become more prevalent. This industrial evolution is expected to continue fueling demand.

Substitutes and Alternatives for NdPr

While neodymium and praseodymium are currently instrumental in manufacturing high-performance magnets, the evolving landscape of materials science could present viable alternatives or substitutes. These alternatives can potentially disrupt the demand dynamics and influence pricing for NdPr.

Alternative Materials

Aimants en ferrite

While not as powerful as NdPr magnets, Ferrite magnets are much cheaper and exhibit sufficient magnetic properties for various applications. Their use could be expanded in cost-sensitive products where the superior strength of NdPr is not a necessity.

Samarium-Cobalt (SmCo)

Samarium-cobalt magnets are another type of high-temperature, permanent magnet. They are more expensive than NdPr but offer stability at high temperatures, making them suitable for niche applications in aerospace and military sectors.

Dysprosium and Terbium Additions

Adding dysprosium and terbium can improve the high-temperature performance of NdPr magnets. However, both elements are rare earths, and their inclusion shifts rather than eliminates the supply chain challenges.

Alternative Technologies

Switched Reluctance Motors (SRMs)

In applications such as electric vehicles, switched reluctance motors, which do not require permanent magnets, might replace the traditional NdPr-based traction motors. The key advantages of SRMs are their simplicity, reliability, and the elimination of rare earth metals.

Axial Flux Motors

New motor architectures like axial flux motors promise higher efficiency and do not always require rare earth magnets. If adopted widely, these could impact the demand for NdPr.

Advanced Manufacturing Techniques

3D printing and other advanced manufacturing techniques might lead to the development of more efficient motors that use less NdPr without sacrificing performance.

Impact on NdPr Demand and NdPr Pricing

The introduction of these substitutes and alternatives could have several impacts on the NdPr market:

Reduced Demand: If industries adopt substitutes that perform adequately at a lower cost, NdPr demand could decline.
Price Volatility: The threat of substitution can lead to volatility in NdPr prices as manufacturers hedge against future price rises and potential scarcity of supply.
Innovation Incentive: Higher NdPr prices could accelerate the adoption and development of alternatives as industries seek to minimize risks associated with price fluctuations and supply chain dependencies.

Current Limitations and Future Prospects

Despite the potential for substitutes, there are barriers to adoption, including performance trade-offs, the cost of retooling manufacturing processes, and current economies of scale for NdPr magnet production. While no immediate material has matched the performance of NdPr at scale, the ongoing research focuses on reducing reliance on these rare earth elements.

The development of alternatives to NdPr is a rapidly evolving field, with the outcomes likely to redefine the market. Monitoring the advances in material science and magnet technology is crucial for those integrating this topic into a webpage or market analysis. Periodic updates would be beneficial to reflect the latest changes and how they might affect the NdPr market landscape.

FAQ

What are NdPr magnets and why are they important?

NdPr magnets, or neodymium magnets, are commercially the strongest permanent magnets. They are made from an alloy of neodymium, iron, and boron (NdFeB). They are crucial in various applications due to their exceptional magnetic strength and resistance to demagnetization.

Are there any recyclable aspects to NdPr magnets?

Yes, NdPr magnets can be recycled. At the end of their lifecycle, efforts are made to recover these elements from various products, such as hard disk drives and electric motors. However, the recycling process is complex and currently unable to satisfy the demand for these materials fully.

Are there alternatives to NdPr for magnets?

While there are other types of magnets, such as ferrite or Samarium-Cobalt (SmCo) magnets, NdPr magnets offer the best balance between magnetic strength, size, and cost for many applications. Research is ongoing to find more cost-effective and readily available substitutes without compromising performance.

Why are NdPr prices so volatile?

NdPr prices are volatile due to the complex interplay of supply chain issues, geopolitical factors, fluctuating demand from key industries, and the limited number of producing countries. China, which dominates the market, significantly influences global pricing.

Can we expect NdPr prices to decrease in the future?

Predicting prices for commodities like NdPr is complex, but supply security, technological advances, market demand, and the development of substitutes influence prices. If substitutes become more viable or demand decreases, prices might stabilize or decrease; however, current trends suggest a steady or increasing demand, likely leading to sustained or higher prices.