Sintered neodymium iron boron and samarium cobalt permanent magnetic materials belong to rare earth permanent magnets. The prices of their main raw materials, praseodymium-neodymium, samarium and cobalt, fluctuate greatly.
Next, let’s take a look at the latest material prices in 2026.
Firstly, The price of praseodymium-neodymium has risen by nearly 100% in the past year. During the Chinese Spring Festival, the price even reached 1.1 million yuan per ton, the highest in the past 4 years. Therefore, the price increase of neodymium iron boron is also considerable.
The price of dysprosium, a commonly used heavy rare earth in neodymium iron boron, has been relatively stable.
Finally, let’s take a look at the price of cobalt, the main raw material of samarium cobalt. Before August 2025, the price of cobalt remained at a relatively low level. Throughout September, the price of cobalt doubled directly compare to April.
At present, the prices of rare earth permanent magnets, NDFEB and SMCO magnets in China are likely to remain at a relatively high level.
We suggest that buyers arrange their purchasing plans based on their own circumstances.