Neodymium is a rare-earth mineral that is widely used in microphones, professional loudspeakers, headphones, computer hard disks, electric motors, and generators.
According to Trading Economics, the price of neodymium has decreased by 41.36% since the beginning of 2023, and it is currently trading at 560,000 CNY/T.
Historically, neodymium reached an all-time high of 1,520,000 CNY/T in February 20221. The price of neodymium is projected to average around $50,000 per metric ton in 2023 and is anticipated to increase in the following years, reaching an average of approximately $56,000 per ton in 2024 and a further increase of about $77,500 per ton in 2025.