Benchmark launches industry-leading rare earth permanent magnet prices

Benchmark Mineral Intelligence is pleased to announce the launch of 44 rare earth permanent magnet price grades, bringing a new level of transparency to one of the most opaque and strategically important markets in the energy transition supply chain.

The new service, launching Thursday 2 April, will cover rare earth permanent magnet prices across Japan/South Korea, Europe, North America and China, offering market participants an independent benchmark for tracking price movements across key magnet products and regional markets.

Benchmark’s new rare earth permanent magnet prices have been developed in response to growing demand for greater pricing visibility in a supply chain that remains highly fragmented, fast-evolving and heavily centred on China. As geopolitical tensions, industrial policy shifts and changing demand patterns continue to reshape the market, understanding pricing dynamics across multiple regions is becoming increasingly important for producers, consumers and investors alike.

Rare earth permanent magnets are a critical component in a wide range of strategic industries, including electric vehicles, wind turbines, industrial automation, consumer electronics and defence applications. Despite their importance, pricing across the magnet supply chain has remained relatively opaque, with limited independent data available to support commercial decision-making and contract discussions.

Benchmark’s new assessments are designed to address that gap by providing market participants with robust, transparent reference prices across the major regional hubs for rare earth permanent magnets. The launch of 44 new prices will give the market a clearer view of how pricing differs by geography, product and end-use exposure, while also helping participants monitor regional shifts in supply-demand balance and market sentiment.

The new prices address one of the rare earth magnet market’s key challenges: lack of transparent regional benchmarks. While much of the industry remains focused on upstream rare earth oxide and metal pricing, magnets are where many of the supply chain’s most commercially significant negotiations take place. Greater transparency at the magnet level will support pricing discussions, improve procurement strategy and strengthen visibility across downstream markets.

“Rare earth permanent magnets sit at the heart of several critical supply chains, yet the market has long lacked transparent and independent pricing at the magnet level,” said George Ingall, Rare Earths Price Analyst at Benchmark.

“With these new assessments, Benchmark is bringing much-needed clarity to a market that is becoming more strategically important by the day. Our new rare earth permanent magnet prices will help market participants track regional price developments, support negotiations and make more informed commercial decisions.”

The Benchmark rare earth permanent magnet prices add a significant new layer to Benchmark’s market-leading rare earths offering, complementing its existing rare earths price assessments and broader market intelligence.

Why it matters:

• Greater transparency across a strategically important and traditionally opaque magnet supply chain

• Independent regional benchmarks to support negotiations and commercial decision-making

• Improved visibility into price movements across China, Japan, South Korea, Europe and North America

• Better tools for procurement planning, market tracking and internal price benchmarking

Benchmark Mineral Intelligence is the world’s leading price reporting agency and market intelligence provider for the lithium-ion battery, electric vehicle and energy transition supply chain.

Register for Benchmark's webinar on 21st May to hear how our newly launched rare earths prices decode market shifts to unlock more effective procurement, policy design and value chain alignment.

To learn more about Benchmark’s new rare earth permanent magnet prices, fill out the form below and one of the team will be in touch: