Neodymium magnets typically consist of 29.0–32.5 wt% rare earth elements, 1.1–1.5 wt% Boron (B), and the balance Iron (Fe). Raw material costs make up approximately 80% of the total product cost, with rare earth elements—such as Neodymium (Nd), Praseodymium (Pr), Lanthanum (La), Cerium (Ce), Dysprosium (Dy), Terbium (Tb), Gadolinium (Gd), and Holmium (Ho)—accounting for over 90% of those raw material expenses that influence Neodymium magnets price.
The nominal composition of Neodymium magnets is Nd2Fe14B, which means their price trends are closely tied to fluctuations in the cost of key raw materials like Praseodymium Neodymium (PrNd) mischmetal. Heavy rare earth elements like Dysprosium and Terbium are added to improve coercivity and thermal stability. Consequently, price changes in Dysprosium Iron (DyFe) alloy and Terbium metal play a significant role in the pricing of high-coercivity Neodymium magnets.
