NdPr Oxide Market
NdPr oxide is the benchmark commercial material for NdFeB permanent magnet production. Approximately 1 to 2 kg goes into every electric vehicle motor. Source verified NdPr from non-Chinese producers on OreTrade with full traceability documentation.
Request SupplyOTC reference price for NdPr mixed oxide (magnet grade), sourced from Fastmarkets and Metal Pages.
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| Indicator | Value |
|---|---|
| NdPr Oxide Price | ~$144/kg (magnet grade, outside China) |
| Nd2O3 Separated Price | ~$149/kg (99.5% purity) |
| Pr6O11 Separated Price | ~$144/kg (99.5% purity) |
| Export Control Status | Not currently controlled under Announcement 18 |
| Key Applications | NdFeB permanent magnets, EV motors, wind turbines, hard disk drives, MRI machines |
| Leading Outside China Producers | Lynas (AU/MY), MP Materials (US), Energy Fuels (US) |
| Composition | ~75% Nd, ~25% Pr (typical commercial ratio) |
NdPr oxide is the standard commercial form in which neodymium and praseodymium are traded for magnet production. Rather than separating the two elements entirely, rare earth processors produce a mixed oxide that is approximately 75% neodymium and 25% praseodymium by weight. This mixed form is less expensive to produce than fully separated individual oxides and is fully suitable for standard NdFeB magnet production.
NdPr is the most commercially important rare earth product by volume. It is the primary material input for NdFeB permanent magnets, which power every electric vehicle traction motor, every direct drive offshore wind turbine, and an enormous range of industrial motors, robotics, medical devices and consumer electronics worldwide.
A typical NdFeB magnet for an EV motor contains approximately 1 to 2 kg of NdPr per vehicle. As global EV production scales from tens of millions of vehicles per year toward targets of 80 to 100 million vehicles per year by 2030, the implied NdPr demand is enormous — potentially 100,000 to 200,000 additional tonnes per year of NdPr demand over current levels. This is the primary driver of interest in diversifying NdPr supply away from China.
Lynas Rare Earths remains the world's largest non-Chinese producer of NdPr oxide, with approximately 6,000 tonnes per year of production at its LAMP facility in Malaysia using ore from the Mount Weld deposit in Western Australia. MP Materials at Mountain Pass in California is ramping up its NdPr separation capability. Energy Fuels in Utah is processing monazite sand to produce NdPr with US government support. Combined, these sources represent a small fraction of Chinese production — highlighting the urgency of supply chain diversification.
NdPr oxide (neodymium-praseodymium mixed oxide) is the primary commercial rare earth material used in NdFeB permanent magnet production. It is typically a mixed oxide of approximately 75% neodymium and 25% praseodymium, more cost effective to produce than fully separated oxides and fully suitable for standard NdFeB magnet applications.
NdPr oxide traded at approximately $144/kg in early 2026. Prices are driven primarily by EV production volumes, Chinese export policy, and the ramp up of Western rare earth separation capacity at Lynas, MP Materials and Energy Fuels.
The primary outside China NdPr producer is Lynas Rare Earths, producing approximately 6,000 tonnes per year at its LAMP facility in Malaysia. MP Materials (California) and Energy Fuels (Utah) are building US separation capacity. Arafura Resources (Australia) and others are in development stages.
A typical NdFeB permanent magnet for an EV traction motor contains approximately 1 to 2 kg of NdPr oxide equivalent per vehicle. At $144/kg, this represents approximately $150 to $290 per vehicle in NdPr material cost, making supply chain security a significant procurement priority for EV manufacturers.
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