• industrial neodymium magnet china
          Empowering you with magnetic solutions

          For tech companies who use permanent magnets in their innovative products, our know-how in magnet engineering and manufacturing speeds up your project sucess.

          Permanent Magnets

          Find high-performance magnets for diverse applications, supported by our expert knowledge and dedication to quality.

          Magnetic Assemblies

          Discover custom-designed, high-performance assemblies for various applications, backed by our expertise and commitment to precision and reliability.

  • About Tengye
        • Jonah Jin

          As the Managing Director of Tengye, I bring a wealth of knowledge and experience to the table, with expertise spanning sales, technical aspects, purchasing, and more. My all-around proficiency in the world of magnets and magnetic assemblies ensures that I can provide comprehensive solutions to meet our clients’ diverse needs. 

          Through my commitment to sharing industry insights and innovations in our blog, I aim to establish a strong foundation of trust and transparency between our valued customers and myself. Rest assured, at Tengye, your magnetic solutions are in capable and experienced hands.

          Blog Categories
  • Contact
Quote Now

Rare Earth Alloy NdPr and NdPr Price

Why does NdPr Price matter?

Introduction: NdPr alloy and its Price​

NdPr price is the spotlight for those involved in the NdFeB industry as well as industries that are highly dependent on NdFeB magnets. Praseodymium-Neodymium is of vital importance to the production of NdFeB magnets. Its price has been considered as an indicator of NdFeB price because it makes up the major cost of neodymium magnets. 

NdPr alloy is the upstream alloy of pure neodymium (Nd) metal. In the early days of NdFeB production, it’s widely thought praseodymium (Pr) is detrimental to the magnetic properties. Therefore, NdFeB manufacturers used pure Nd metal to produce the NdFeB strip casting ingot. Later on, it was found that partial substitution of neodymium with praseodymium did not harm the magnetic properties of most NdFeB magnets. Since then, manufacturers started to use PrNd directly, saving the unnecessary costs of separating the elements as well as the additional cost of Nd.

prnd alloy

NdPr Price Chart - since 2006

ndpr price trend

NdPr price is volatile. In some cases, it can even rise by over 20% within two months. It’s important for customers to make purchase plans ahead of time. At Tengye, we always look for strategic cooperation with customers. To help our customer maintain stable costs, we can fix the price for customers. For more detail, please get in touch with us.

Achieve your project goals with our support. Contact us now.

We are dedicated to empowering you with magnets and magnetic solutions.

Send Inquiry

Get a free quote or consultation now

© 2023 Hangzhou Tengye Magnetic Materials Co., Ltd.

Tell us your project by filling out this inquiry form or send us an Email, we will get back to you within 24 hours.

Lu Qinsheng

Every customer deserves to be treated professionally and responsively.

Inquiry Form