Neodymium magnets consist of 29.0–32.5 wt% rare earth elements, 1.1–1.5 wt% Boron, and the balance Iron. Raw material costs make up roughly 80% of their total expense, with rare earths—Neodymium, Praseodymium, Lanthanum, Cerium, Dysprosium, Terbium, Gadolinium, and Holmium—comprising over 90% of that cost, significantly influencing the Neodymium magnet price.
With a standard composition of Nd2Fe14B, Neodymium magnets rely heavily on Praseodymium Neodymium (PrNd) mischmetal, linking the Neodymium magnet price trend to its fluctuations. Dysprosium, added through Dysprosium Iron (DyFe) alloy, and Terbium enhance coercivity and thermal stability, making DyFe and Tb metal price shifts key drivers of the Neodymium magnet price for high-coercivity variants.
