Praseodymium-Neodymium Prices Soar, NdFeB Magnet Quotes Rise on Dec 1st

Published: Dec 01, 2025 12:13 (GMT+8)

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[SMM Rare Earth News] On the first day of December, influenced by multiple factors, the prices of praseodymium-neodymium oxide and praseodymium-neodymium metal—raw materials for NdFeB—rose sharply. As of 12:00 noon, spot praseodymium-neodymium oxide was quoted at 596,500 yuan/mt, up 30,000 yuan for the day, while spot praseodymium-neodymium metal was quoted at 730,000 yuan/mt, up 36,500 yuan for the day. Meanwhile, due to the rapid increase in upstream raw material prices, some magnetic material plants have raised their NdFeB permanent magnet quotes while cautiously taking orders.

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