Prices
No single exchange-settled price exists for neodymium. Trade settles over-the-counter against benchmarks published by independent price-reporting agencies. We do not republish those numbers — consult the publishers directly:
Shanghai Metals Market ↗
Daily Chinese rare-earth oxide and metal benchmark quotations.
Fastmarkets — Rare Earths ↗
MB FOB China benchmark prices and market intelligence.
Asian Metal ↗
Daily REE oxide quotations from Chinese suppliers (subscription).
USGS Mineral Commodity Summaries 2026 ↗
Annual U.S. Geological Survey reference — production, reserves, prices, and trade statistics for neodymium.
About Neodymium
Editorial overviewWhat is neodymium?
Neodymium is a rare-earth element used mainly in high-strength permanent magnets and is usually discussed in industry data as part of the rare-earths basket rather than as a standalone mined metal. USGS Mineral Commodity Summaries 2026
How neodymium is priced
There are no listed futures for neodymium oxide or metal on any regulated exchange. Prices for individual rare earth oxides are published as benchmark assessments by Fastmarkets, Argus and S&P Global Platts, plus Chinese domestic spot via Shanghai Metals Market and Asian Metal. China’s rare-earth export quotas and producer pricing dominate the world reference.
Where neodymium comes from
Neodymium mining is covered jointly under the rare-earths basket in USGS Mineral Commodity Summaries 2026: China led 2025 mine production with 270,000 metric tons, followed by the United States at 51,000, Australia at 29,000, Burma at 22,000, and Thailand at 4,800. USGS Mineral Commodity Summaries 2026 Full breakdown in the production and reserves sections.
Who produces neodymium
Leading rare-earth producers relevant to neodymium include China’s state-linked rare-earth sector, MP Materials in the United States, Lynas Rare Earths in Australia, Iluka Resources in Australia, and Shenghe Resources in China. MP Materials reported 2026 Q1 NdPr production of 917 metric tons and REO production of 12,983 metric tons, while its Mountain Pass facility produces refined rare earth products and related materials. MP Materials Lynas Rare Earths Full list of producers below.
What neodymium is used for
USGS Mineral Commodity Summaries 2026 says the leading domestic end use of rare earths was catalysts, while the leading global use was magnets. For neodymium specifically, that means demand is dominated by magnet applications such as NdFeB permanent magnets, with the USGS also noting magnets as the leading global use for rare earths overall. USGS Mineral Commodity Summaries 2026
Key facts about neodymium supply
- USGS Mineral Commodity Summaries 2026: world rare-earth reserves were more than 75,000,000 metric tons, versus 390,000 metric tons of 2025 mine production, implying roughly 192 years of cover. USGS Mineral Commodity Summaries 2026
- USGS Mineral Commodity Summaries 2026: China produced 270,000 metric tons of rare earths in 2025, far ahead of the United States at 51,000 and Australia at 29,000. USGS Mineral Commodity Summaries 2026
- USGS Mineral Commodity Summaries 2026: the United States reported 1,900,000 metric tons of rare-earth reserves, Australia 136,300,000, Brazil 11,000,000, and China 44,000,000. USGS Mineral Commodity Summaries 2026
- USGS Mineral Commodity Summaries 2026: estimated leading domestic end use of rare earths was catalysts, while the estimated leading global use was magnets. USGS Mineral Commodity Summaries 2026
- MP Materials reported record Q1 2026 NdPr production of 917 metric tons and REO production of 12,983 metric tons, showing active neodymium-praseodymium output in the United States. MP Materials
Sources: USGS Mineral Commodity Summaries 2026 – Rare Earths, MP Materials Q1 2026 Results, Lynas Rare Earths Investors
Mine Production by Country
Source: USGS MCS 2026Per-country production data not published by USGS
USGS Mineral Commodity Summaries 2026 reports rare-earth production and reserves on a combined rare-earth-oxide (REO) basis only — per-country data are not broken out by individual element. Neodymium production and reserves figures are not separately published by USGS. For the consolidated REE-group table covering all rare earths, see the Rare Earth Elements (REE) page.
Source: USGS MCS 2026
Major Producers (10)
Primary disclosure unavailableWhy no producer rankings? No producer discloses element-specific neodymium tonnage. Chinese producers operate under aggregate REO quotas without elemental breakdown; Western producers (Lynas, MP Materials, Iluka, Energy Fuels) report on a combined NdPr or aggregate REO basis. Consolidated REO production figures appear on the Rare Earths page. The 10 companies below are the major world producers of separated neodymium oxide by capacity and market presence. Country-level estimates are available in the USGS production table above.
China
600111
Undisclosed Output
Not disclosed
Largest REE producer globally (~80% of Chinese light REE quota). Reports aggregated REO output only — per-element tonnage not separately disclosed. Operates under MIIT production quotas.
China
State-Owned
Undisclosed Output
Not disclosed
State-owned consortium formed Dec 2021 (merger of Minmetals REE + Chinalco REE + Southern). Reports under MIIT quota; per-element production not separately disclosed.
Australia
ILU
Pre-production
Not yet in production
Eneabba refinery (WA) under construction — first production targeted FY2027. Currently stockpiles monazite/xenotime concentrate; no per-element REO output yet.
Australia
LYC
Undisclosed Output
Not disclosed
Largest non-Chinese REE producer. Reports total REO and NdPr output (separated as a pair) only; individual Nd, Pr, Dy, Tb tonnages not separately disclosed.
USA
MP
Undisclosed Output
Not disclosed
Operates Mountain Pass (USA) — only US-active rare earth mine. Reports REO concentrate output and (from 2024) NdPr metal; per-element Nd/Pr/Dy/Tb breakouts not disclosed.
Canada
NEO
Undisclosed Output
Not disclosed
Magnetic-materials processor (Estonia/China/Thailand). Reports product-line revenue; per-element rare earth oxide tonnage not separately disclosed.
China
600392
Undisclosed Output
Not disclosed
Trades REE concentrate (including MP Materials offtake) and operates separation. Per-element output not separately disclosed in public filings.
Japan
4063
Undisclosed Output
Not disclosed
Major NdFeB magnet producer (Japan/Vietnam). Reports segment revenue; per-element REE consumption/output not disclosed.
Japan
6762
Undisclosed Output
Not disclosed
Major NdFeB magnet producer (Japan). Reports magnet segment revenue; per-element REE tonnage not disclosed.
China
600549
Undisclosed Output
Not disclosed
REE and tungsten producer (China). Operates under MIIT REE quota; per-element output not separately disclosed.
Latest News
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Frequently Asked Questions
Auto-generated from primary-source dataWho are the largest global producers of neodymium?
Among 780+ producers tracked on TSM Hub, the largest disclosed neodymium producers include China Northern Rare Earth (Group) High-Tech Co., Ltd. (China), China Rare Earth Group Co., Ltd. (incl. China Southern Rare Earth Group) (China), Iluka Resources Ltd. (Australia). Some operating neodymium producers do not publish metal-specific tonnage — such as China Northern Rare Earth (Group) High-Tech Co., Ltd. (China), China Rare Earth Group Co., Ltd. (incl. China Southern Rare Earth Group) (China), Lynas Rare Earths Ltd. (Australia) — and are listed with an “Undisclosed Output” badge instead of a rank, in line with our principle of never inventing numbers absent from primary sources. Full ranking with primary-source links is available in the producers section.
What is the primary source for neodymium production and reserves data?
Country-level neodymium production and reserves figures on TSM Hub are sourced directly from the USGS Mineral Commodity Summaries 2026, the U.S. Geological Survey's authoritative annual reference. Company-level production figures come from each producer's official annual report, production report, or regulated exchange filing.