The main raw materials of neodymium magnets are rare earth metals and iron.

As the electric vehicles are more and more popular,the neodymium magnets are needed much more for EV than before.

The cost of rare earth metal rose fiercely since last September.And it doubled to the top on Feb 28,2022.

The highest is RMB1390/kg.Then it got down till now.

Sep 22th of 2022.