Neodymium Oxide Price Trend and Forecast 2026-2027

Neodymium oxide is the key feedstock for NdFeB magnets used in electric vehicles, wind turbines and electronics, and is also used in glass, ceramics and lasers. China produced 270,000 tonnes of rare earth oxide in 2025, 69 percent of the 390,000 tonne world total, and processes up to 90 percent of supply. Lynas, MP Materials and China Northern Rare Earth lead output.

Pr-Nd oxide, the pricing proxy, was USD 95,500 per tonne in China in January 2026 and USD 126,800 in February. It was USD 109,600 in April, USD 104,800 in May, USD 103,100 in June, USD 112,200 in July and USD 107,600 in August.

Neodymium Oxide Prices in October 2026

Chinese Pr-Nd oxide was about USD 107,600 per tonne in August 2026 and recovered from late August lows in September, while ex-China oxide was about USD 95,000 per tonne CIF Europe and North America. Trading is expected to stay sideways in October. The price outlook is shaped by four key drivers.

• Export controls: China's expanded October 2025 export controls are suspended only until November 2026, while April 2025 licensing on seven medium and heavy rare earths and magnets remains in force, keeping buyers cautious about supply.
• US and China trade: Chinese magnet exports to the United States were 512 tonnes in August 2026, down 13 percent year on year, as licence approvals slowed ahead of a summit between President Trump and President Xi.
• Two tier pricing: Ex-China NdPr oxide fell 7.3 percent to about USD 95,000 per tonne in August 2026, below the USD 110,000 US Department of Defense price floor, as oversupply built outside China.
• Chinese output and demand: China's September 2026 Pr-Nd oxide output rose about 3 percent, but state quotas cap growth, while weak downstream demand and expected metal plant stockpiling point to sideways trading in October.

Supplier news: Lynas reported in July 2026 June quarter NdPr output of 1,857 tonnes and total rare earth oxide of 3,481 tonnes, and signed a 3,000 tonne per year magnet plant partnership in Malaysia. MP Materials raised NdPr oxide output 41 percent to 840 tonnes in August 2026, and Arafura secured financing in July 2026 for its 4,440 tonne per year Nolans project. Short term, the November expiry decides direction. Long term, ex-China capacity growth may widen price gaps.

Neodymium Oxide Price Forecast for 2026

Rare earth separation capacity constraints show no sign of easing, which points toward continued elevated pricing through H2 2026 across every market tracked. Downstream demand for neodymium metal reduction and magnet alloy production, itself tied to electric vehicle and wind turbine manufacturing, should keep supporting the oxide market regardless.

Further tightening of separation capacity, or accelerating downstream magnet alloy demand, could be what pushes prices above this forecast. Expanded non-Chinese separation capacity, or a moderation in the pace of metal reduction demand, could be what eases the market back toward the lower end instead.

For the Quarter Ending June 2026

Neodymium Oxide Prices Q2 2026:

• Japan: USD 121.00/KG
• Germany: USD 119.00/KG
• India: USD 117.00/KG
• China: USD 111.00/KG

Neodymium Oxide Prices in Japan

Japanese oxide pricing led every market tracked once again, climbing from about USD 96.00/KG to near USD 121.00/KG, a gain of just above 26.0%, as separated rare earth oxides stayed scarce and magnet and glass manufacturers kept buying.

Why did the price of Neodymium Oxide change in Q2 2026 in Japan?

Japanese manufacturers depend on imported neodymium oxide as the feedstock for downstream metal reduction and magnet alloy production, and it is this import dependence, combined with the same processing bottlenecks affecting separated rare earth oxides globally, that has kept Japanese pricing at the top of the range this quarter.

Neodymium Oxide Prices in Germany

The German price moved from about USD 95.00/KG to near USD 119.00/KG, a gain of just above 25.3%. It was steady demand from automotive and renewable energy magnet alloy producers, together with tight global oxide availability, that carried the sharp increase.

Why did the price of Neodymium Oxide change in Q2 2026 in Germany?

European magnet alloy producers rely on imported neodymium oxide as the starting material before metal reduction, and it is this dependence, combined with the same separation and processing bottlenecks limiting global supply, that has kept German pricing climbing sharply alongside every other market tracked here.

Neodymium Oxide Prices in India

The Indian price moved from about USD 93.00/KG to near USD 117.00/KG, a gain of just above 25.8%. It was growing demand from domestic magnet and electronics manufacturing, together with tight import availability, that carried the sharp increase.

Why did the price of Neodymium Oxide change in Q2 2026 in India?

India has been investing in building domestic rare earth processing capabilities to reduce import dependency, though this capacity remains a small fraction of what China controls, and it is this ongoing import reliance, meeting the same global oxide scarcity affecting every market tracked, that has pushed Indian pricing sharply higher.

Neodymium Oxide Prices in China

The Chinese domestic benchmark moved from about USD 88.00/KG to near USD 111.00/KG, a gain of just above 26.1%. It was steady separation output meeting firm downstream demand from magnet alloy producers, that carried the increase.

Why did the price of Neodymium Oxide change in Q2 2026 in China?

Separation capacity in China dwarfs what exists anywhere else, and it is this domestic proximity to the separation process that has kept Chinese pricing the most affordable of the four markets tracked, even as it climbs sharply in step with the broader global rally affecting every rare earth oxide.

For the Quarter Ending March 2026

Neodymium Oxide Prices Q1 2026:

• Japan: USD 96.00/KG
• Germany: USD 95.00/KG
• India: USD 93.00/KG
• China: USD 88.00/KG

Neodymium Oxide Prices in Japan

The price reached close to USD 96.00/KG in Q1 2026, a rise of just above 12.9% from Q4 2025. It was tightening availability of separated rare earth oxides, together with steady downstream demand, that pushed the market higher.

Why did the price of Neodymium Oxide change in Q1 2026 in Japan?

Separation and processing bottlenecks limited the availability of finished rare earth oxides this quarter, and it was this scarcity, meeting steady demand from magnet alloy producers who convert the oxide into metal, that drove the Japanese increase.

Neodymium Oxide Prices in Germany

The price reached close to USD 95.00/KG in Q1 2026, a rise of just above 13.1% from Q4 2025. It was tightening oxide availability, tied to separation capacity constraints, that pushed the market higher.

Why did the price of Neodymium Oxide change in Q1 2026 in Germany?

Separation capacity constraints limited the volume of finished oxide reaching the export market this quarter, and it was this scarcity, meeting steady demand from European automotive and renewable energy applications, that drove the German increase.

Neodymium Oxide Prices in India

The price reached close to USD 93.00/KG in Q1 2026, a rise of just above 13.4% from Q4 2025. It was tightening global oxide availability, together with growing domestic demand, that pushed the market higher.

Why did the price of Neodymium Oxide change in Q1 2026 in India?

Global oxide availability tightened as separation capacity constraints limited supply, and it was this scarcity, meeting growing demand from India's expanding magnet and electronics manufacturing base, that drove the Indian increase.

Neodymium Oxide Prices in China

The price reached close to USD 88.00/KG in Q1 2026, a rise of just above 12.8% from Q4 2025. It was tightening supply, tied to processing bottlenecks even within the dominant producing country, that pushed the market higher.

Why did the price of Neodymium Oxide change in Q1 2026 in China?

Even within China's own separation facilities, processing bottlenecks limited the pace at which finished oxide reached the market this quarter, and it was this constraint, meeting steady downstream magnet alloy demand, that drove the Chinese increase.

Quarterly Neodymium Oxide Price Trends

This market climbed steadily across every quarter tracked here. Close to USD 55.00/KG in Q1 2025 rose to about USD 62.00/KG, near USD 70.00/KG, and close to USD 82.25/KG by Q4, before continuing to about USD 93.00/KG in Q1 2026 and near USD 117.00/KG in Q2. That is a rise of roughly 112.7% across the window, tracking the broader rare earth oxide rally closely.

What was Neodymium Oxide Price in 2025?

It was persistent supply chain disruptions affecting rare earth separation capacity, meeting steady downstream demand for neodymium metal reduction and magnet alloy production, that drove a dramatic 2025 climb. The global average opened near USD 55.00/KG in Q1 and climbed to close to USD 82.25/KG by Q4, a rise of just above 49.5% for the year, with the rally continuing to accelerate into 2026.

Neodymium Oxide Prices in Japan in 2025

The Japanese price climbed from about USD 57.00/KG in Q1 2025 to near USD 85.00/KG by Q4, a rise of just above 49.1% for the year, tracking the broader rare earth oxide market's sustained rally through 2025. It was persistent supply chain disruptions affecting separation capacity, meeting steady downstream magnet and glass manufacturing demand, that drove the sustained climb through 2025.

Neodymium Oxide Prices in Germany in 2025

The German price climbed from about USD 56.00/KG in Q1 2025 to near USD 84.00/KG by Q4, a rise of just above 50.0% for the year. It was persistent supply chain disruptions affecting separation capacity, meeting steady demand from automotive and renewable energy magnet alloy production, that drove the sustained climb through 2025.

Neodymium Oxide Prices in India in 2025

The Indian price climbed from about USD 55.00/KG in Q1 2025 to near USD 82.00/KG by Q4, a rise of just above 49.1% for the year. It was growing domestic demand from magnet and electronics manufacturing, meeting import dependence on a global oxide market that stayed persistently tight, that drove the sustained climb through 2025.

Neodymium Oxide Prices in China in 2025

The Chinese domestic benchmark climbed from about USD 52.00/KG in Q1 2025 to near USD 78.00/KG by Q4, a rise of just above 50.0% for the year, the smallest absolute cost among the four markets tracked throughout. It was China's dominant separation capacity, combined with steady domestic magnet alloy demand, that kept the Chinese benchmark the most affordable of the four all year, even as prices there climbed alongside the global rally.

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Expert Market Research: Your Source for Real-Time Neodymium Oxide Price Intelligence

The Neodymium Oxide market sits one step upstream of neodymium metal and magnet alloy production, so Expert Market Research tracks rare earth separation capacity and processing bottlenecks closely alongside Chinese export policy and downstream magnet alloy demand across the four markets covered here. This is combined with trade flow data to build the forecasts. Should the Neodymium Oxide pricing data or procurement strategy support be needed, the team is ready to help.