Neodymium
Companies
Key Companies in the Neodymium Value Chain
The Neodymium industry encompasses at least 7 major companies from junior explorers and mine developers to integrated producers and downstream processors. With annual production of 35,000 tonnes REO and prices around 70-80 $/kg oxide (NdPr), the Neodymium market supports a diverse corporate ecosystem.
Annual Production
35,000
tonnes REO
Market Price
70-80
$/kg oxide (NdPr)
Top Producer
China
62% share
Companies Tracked
7
Major Producers and Processors
The following companies are key participants in the Neodymium supply chain:
Northern Rare Earths (Baotou Steel)
Worlds largest neodymium producer from Bayan Obo bastnasite mining; also a major NdFeB alloy and magnet producer
Lynas Rare Earths
Largest non-Chinese NdPr producer; building Kalgoorlie rare earth processing facility and US separation plant (with DOD support)
MP Materials
Operates Mountain Pass; building downstream NdPr separation and magnet manufacturing at Fort Worth, Texas
Shin-Etsu Chemical
Worlds largest NdFeB magnet manufacturer; operates magnet plants in Japan, China, and Vietnam
TDK Corporation
Major NdFeB magnet producer for automotive, industrial, and electronics applications
JL MAG Rare-Earth
Chinas largest NdFeB magnet producer and major supplier to Chinese EV and wind energy OEMs
Vacuumschmelze (VAC)
Leading European NdFeB magnet manufacturer for automotive and industrial applications; acquired by Chinese investors in 2018
Active Operations and Development Projects
These are the key Neodymium operations and development-stage projects associated with the companies above:
Bayan Obo
Northern Rare Earths/Baotou Steel
Worlds largest rare earth mine; neodymium is the most commercially valuable output element
Mt Weld + Kalgoorlie
Lynas Rare Earths
Highest-grade rare earth deposit; Kalgoorlie facility adds heavy REE separation
Mountain Pass + Fort Worth
MP Materials
Only active US rare earth mine; building vertically integrated mine-to-magnet supply chain
Corporate Strategy Trends
Major consumers of Neodymium across the permanent magnets for ev motors and wind turbine generators sectors are increasingly focused on securing long-term supply agreements, investing in supply chain traceability, and supporting new production sources to reduce exposure to the 62% concentration in China.
More on Neodymium
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Uses & Applications
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Supply Chain
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Mining & Processing
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Refining & Grade Specs
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Recycling
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Substitutes
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