Top Industries purchasing Neodymium (Nd)
Neodymium is used to create Neodymium-Iron-Boron (NdFeB) magnets—the strongest permanent magnets.
Industrial Neodymium is often purchased as NdPr oxide (a blend of Neodymium and Praseodymium), as they are often used together.
Major Individual Company Purchasers
Caution: This content was sourced and arranged by AI and thus may be subject to errors, biases, omissions, or antiquation.
This information can provide a general sense of industry dynamics, but may be unreliable in its specifics, or as an isolated basis for investment decisions.
Neodymium is used to create Neodymium-Iron-Boron (NdFeB) magnets—the strongest permanent magnets.
Industrial Neodymium is often purchased as NdPr oxide (a blend of Neodymium and Praseodymium), as they are often used together.
| Rank | Industry | Volume (MT) | % Usage | Primary Applications |
| 1 | Electric Vehicles (EVs) | ~30,500 | 38.2% | High-torque traction motors (Permanent Magnet Motors). |
| 2 | Renewable Energy (Wind) | ~13,200 | 16.5% | Direct-drive generators for offshore/onshore turbines. |
| 3 | Consumer Electronics | ~10,400 | 13.0% | Speakers, haptic motors, hard drives (HDD), smartphones. |
| 4 | Industrial Automation | ~8,800 | 11.0% | Servo motors for robotics and CNC machinery. |
| 5 | Traditional Automotive | ~5,600 | 7.0% | Power steering, ABS sensors, electric windows, starters. |
| 6 | Tire & Rubber Mfg | ~3,200 | 4.0% | Nd-catalysts for high-performance polybutadiene rubber. |
| 7 | Appliances (HVAC) | ~2,800 | 3.5% | High-efficiency compressors for AC and refrigerators. |
| 8 | Aerospace & Defense | ~1,600 | 2.0% | Missile guidance, radar, satellites, and aircraft actuators. |
| 9 | Healthcare / Medical | ~1,200 | 1.5% | MRI machines (scanners use up to 1 ton of magnets). |
| 10 | Acoustic Equipment | ~850 | 1.1% | Professional audio, stage speakers, and headphones. |
| 11 | Glass & Ceramics | ~560 | 0.7% | UV-filtering glass (Didymium glass), welder's goggles. |
| 12 | Petrochemicals | ~400 | 0.5% | Specialized catalysts for oil cracking and refining. |
| 13 | Power Tools | ~320 | 0.4% | Cordless drills and saws (Brushless DC motors). |
| 14 | Micro-mobility | ~240 | 0.3% | E-scooters, e-bikes, and electric skateboards. |
| 15 | Metallurgy (Alloying) | ~160 | 0.2% | Magnesium/Aluminum alloys for high-temp strength. |
| 16 | Laser Technology | ~80 | 0.1% | Nd:YAG lasers for surgery, welding, and rangefinding. |
| 17 | Marine Technology | ~40 | 0.05% | Electric outboard motors and autonomous submersibles. |
| 18 | Elevator Mfg | ~20 | 0.02% | Gearless traction machines for high-rise buildings. |
| 19 | Quantum Computing | Minimal | Trace | Low-temp magnetic shielding and qubit control. |
| 20 | Jewelry & Arts | Minimal | Trace | High-strength magnetic clasps and color-shifting glass. |
Major Individual Company Purchasers
- Tesla, Inc.: Tesla is the world’s most influential purchaser of Neodymium. They have recently sought to diversify into "rare-earth free" motors for some models, but they remain a massive buyer for their high-performance Model S/X and Cybertruck lines.
- BYD Company: As the world's largest EV manufacturer by volume, BYD is a primary consumer of Neodymium, largely sourced through internal Chinese supply chains.
- Apple Inc.: Apple is a major purchaser of recycled Neodymium. They have committed to using 100% recycled rare earth elements in all magnets across their device lineup (iPhones, MacBooks, AirPods).
- Siemens Gamesa: A leading purchaser for the wind energy sector, specifically for the massive direct-drive permanent magnet generators used in offshore wind farms.
- General Motors (GM): Through its partnership with MP Materials, GM has secured a domestic U.S. supply of Neodymium-iron-boron magnets for its "Ultium" EV platform.
- Bridgestone / Michelin: These tire giants are significant purchasers of Neodymium-based chemical catalysts used to create "green" tires with lower rolling resistance.
- Fanuc / ABB: Global leaders in robotics and industrial automation that purchase vast quantities of NdFeB magnets for high-precision servo motors.
- Samsung Electronics: A massive buyer for the micro-magnets found in camera modules, vibrations motors, and high-end display components
Caution: This content was sourced and arranged by AI and thus may be subject to errors, biases, omissions, or antiquation.
This information can provide a general sense of industry dynamics, but may be unreliable in its specifics, or as an isolated basis for investment decisions.