Neodymium increased 155,000 CNY/MT or 24.90% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

Historically, Neodymium reached an all time high of 885000 in March of 2021. Neodymium - data, forecasts, historical chart - was last updated on October of 2021.

Neodymium is expected to trade at 843648.00 CNY/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 912522.00 in 12 months time.

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Neodymium is the strongest permanent magnet material yet discovered. It is widely used in microphones, professional loudspeakers, headphones, computer hard disks, electric motors and generators. It is a rare-earth mineral mostly extracted in China, the United States, Brazil, India, Sri Lanka, and Australia.