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NdPr oxide price increase ~39%

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04-29-2021, 06:45 AM

Sparty

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NdPr oxide price increase ~39%

NdPr oxide price increase in the quarter from US$64.16 per kilogram to US$89.15 per kilogram, an increase of 38.9% from the December 2020 Quarter to the March 2021 Quarter.

Neodymium iron boron (NdFeB) magnets are used in the motors of EVs and other high-tech applications that require the use of small yet powerful permanent magnets.

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