The price for rare earth magnet (Neodymium magnet and Samarium Cobalt magnet) highly depends on its raw material cost, especially the expensive rare earth materials, PrNd (Neodymium / Praseodymium) &DyFe (Dysprosium / Iron) and Cobalt material.
Magnet users keep a close eye on the PrNd price trend, because the price for rare earth Neodymium magnet highly depends on rare earth PrNd materials. PrNd is the abbreviation of Praseodymium and Neodymium alloy. Praseodymium and Neodymium belong to rare earth elements in the periodic table of chemical elements, have similar properties and are extremely hard to separate from each other. PrNd alloy in the Neodymium magnets account for around 30% by weight and its price is much higher than those of other raw materials, so PrNd cost has the decisive role on the price of Neodymium magnet. PrNd price is fluctuating frequently in some special time, the fast and accurate PrNd price trend may help magnet users to schedule the magnet purchase plan, switch magnet materials, or even suspend their projects… Considering the price importance to customers, Horizon Magnetics are always updating the price charts for metal PrNd (Neodymium / Praseodymium).
PrNd Price in Recent 12 Months
PrNd Price Since 2010
Disclaimer
We try efforts to supply complete and accurate raw material prices above, which are taken from the recognized market intelligent company in China (www.100ppi.com). However they are for reference only and we make no warranty regarding them.
High temperature Neodymium magnet users care more about DyFe price trend, because heavy rare earth elements Dysprosium (Dy) and Terbium (Tb) are a must, scarce and expensive material to enhance the intrinsic coercivity Hcj of sintered Neodymium magnet. DyFe, also called ferro-dysprosium, is the abbreviation of Dysprosium and Iron alloy. In order to ensure a stable supply chain and cost advantage, downstream magnet consumers and magnet manufacturers have been trying to reduce the amount of Dysprosium and Terbium for example lastest grain boundary diffusion (GBD) technology. This technology enhances coercivity while limiting the adverse effects on remanence, when compared to traditional Neodymium magnet manufacturing methods. Considering the price importance to customers, Horizon Magnetics are always updating the price charts for metal DyFe (Dysprosium / Iron).
DyFe Price in Recent 12 Months
DyFe Price Since 2010
Disclaimer
We try efforts to supply complete and accurate raw material prices above, which are taken from the recognized market intelligent company in China (www.100ppi.com). However they are for reference only and we make no warranty regarding them.
Samarium Cobalt rare earth magnet users pay more attention to metal Cobalt price trend, because expensive Cobalt accounts for around 50% and 70% by weight in Sm2Co17 magnet and SmCo5 magnet. Moreover Samarium Cobalt magnet is primary composed of Samarium and Cobalt, but rare earth element Samarium price is low and stable. Cobalt is a lustrous, silvery-blue metal that is magnetic and resistant to corrosion. It is mainly used in permanent magnets, alloys, lithium-ion battery, electroplating, paints, and glass. Metal Cobalt price is also fluctuating too much, high to RMB870/kg in early 2008 and low to RMB170/kg in 2024.
Cobalt Price in Recent 12 Months
Cobalt Price Since 2010
Disclaimer
We try efforts to supply complete and accurate raw material prices above, which are taken from the recognized market intelligent company in China (www.100ppi.com). However they are for reference only and we make no warranty regarding them.
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