Neodymium increased 90,000 CNY/MT or 8.11% since the beginning of 2022, 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 1510000 in February of 2022. 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.

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