Commodity ratio · live
Steel to Neodymium Ratio
The steel to neodymium ratio is 0.003219 — Steel at $3,066.00 per Metric Ton divided by Neodymium at $952,500.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Neodymium ratio
1.000 T of steel = 0.003219 T of neodymium
Inverse (NDYM/STEEL): 310.7 — one Metric Ton of neodymium buys that much steel.
Close to the middle of its 1 year range. (47th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Neodymium
$952,500.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of neodymium per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:31:12 GMT.
1Y average
0.003535
median 0.003316
1Y low
0.002621
Feb 24, 2026
1Y high
0.004660
Oct 29, 2025
Normal band
0.002981–0.004090
mean ± 1 std dev
Deviation from mean
-0.57σ
309 observations
Steel to Neodymium ratio charts
Pick a range once — it applies to the STEEL/NDYM ratio line, the OHLC candles and the Steel / Neodymium price chart below.
STEEL/NDYM ratio line
How many T of Neodymium one T of Steel buys, over 1Y.
STEEL/NDYM ratio candles
Open, high, low and close of the STEEL/NDYM ratio for each period in the last 1Y.
Steel and Neodymium prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the steel to neodymium ratio
Steel to Neodymium ratio = Steel price per Metric Ton ÷ Neodymium price per Metric Ton
Both legs share the same unit, so the result is a plain unitless number, directly comparable across time.
Worked example, live prices: $3,066.00 ÷ $952,500.00 = 0.003219. The inverse is 310.7.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the steel to neodymium ratio today?
The steel to neodymium ratio is 0.003219 — Steel at $3,066.00 per Metric Ton divided by Neodymium at $952,500.00 per Metric Ton, from live mid-market prices.
How do you calculate the steel to neodymium ratio?
Divide the steel price per Metric Ton by the neodymium price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of neodymium per Metric Ton of steel.
What is the inverse of the steel to neodymium ratio?
The inverse, neodymium to steel, is 310.7 — how many Metric Tons of steel one Metric Ton of neodymium buys.