Neodymium
Projects
Major Neodymium Projects Worldwide
The development pipeline for Neodymium projects spans exploration through production across multiple jurisdictions. We track 5 key projects that will shape the future supply landscape for this rare earth element.
Current Production
35,000
tonnes REO
Top Producer
China
62% share
Projects Tracked
5
Reserves
Part of total REE reserves (17M tonnes)
Neodymium Project Pipeline
The following projects represent the most significant Neodymium operations and development-stage assets worldwide:
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
Wicheeda
Defense Metals
Large carbonatite-hosted rare earth deposit in British Columbia
Nolans
Arafura Rare Earths
Advanced Australian NdPr project targeting non-Chinese magnet supply chain
Government Support and Strategic Initiatives
Recognizing the strategic importance of Neodymium, governments in major consuming nations have launched programs to support project development. These include direct financing, loan guarantees, streamlined permitting, and bilateral resource partnerships. As a USGS-listed critical mineral, Neodymium projects are eligible for various U.S. government support mechanisms including the Defense Production Act Title III program. EU Critical Raw Materials Act provisions enable fast-track permitting and financing support for Neodymium projects within the EU and partner nations.
Key Industry Developments
Recent developments affecting the Neodymium project landscape:
Chinese export restrictions caused NdPr oxide prices to surge from $30/kg to over $250/kg, triggering global rare earth supply chain panic
WTO ruled against Chinese export quotas; China replaced with resource taxes; prices stabilized at $40-60/kg
China threatened rare earth export restrictions during US-China trade tensions; Xi Jinping visited JL MAG, signaling possible weaponization of rare earth supply
NdPr oxide prices surged to $130/kg driven by EV motor demand growth and Chinese production discipline
China imposed export controls on rare earth separation and magnet technologies, restricting Western ability to build independent NdFeB supply chains
MP Materials began NdFeB magnet production at Fort Worth, Texas - first US-made rare earth magnets in decades
More on Neodymium
Explore other aspects of the Neodymium value chain.
Uses & Applications
Explore uses & applications for Neodymium.
Supply Chain
Explore supply chain for Neodymium.
Mining & Processing
Explore mining & processing for Neodymium.
Refining & Grade Specs
Explore refining & grade specs for Neodymium.
Recycling
Explore recycling for Neodymium.
Substitutes
Explore substitutes for Neodymium.
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