Nd in hot-deformed Nd-Fe-B magnets was partially substituted by Ce and La for the purpose of reducing the
materials cost and balancing the utilization of rare earth resources. Initial melt-spun ribbons with the nominal
compositions of (Nd₁-xMx)_13.6Fe_balB_5.6Ga_0.6Co_6.6 (x = 0, x = 0.2/M=Ce, x = 0.3/M=Ce, Ce+La, wt.%) were prepared
by a single-roller melt-spinning method, and pulverized into powders. The powders were then hotpressed
at 973 K under 100 MPa, and deformed at 973 K until 75 % of height reduction was achieved. The
magnetic properties of hot-deformed magnets were decreased with the substitution of Ce for Nd. In addition,
simultaneous substitution of Ce and La for Nd resulted in much lower magnetic properties. This tendency was
almost the same as initial melt-spun powders. The deterioration on magnetic properties by substation of Ce and
La for Nd in hot-deformed Nd-Fe-B magnets could be attributed to not only inferior intrinsic properties of (Ce/
La)₂Fe₁₄B to Nd₂Fe₁₄B phase but also the effect of Ce/La substitution on microstructure such as density and
grain alignment during hot-deformation. Although the magnetic properties were deteriorated by substitution of
Ce and La for Nd in hot-deformed Nd-Fe-B magnets, the cost performance was largely enhanced from 2.32 to
2.62 MGOe×kg/$ by 13 % when increasing the content of Ce substituted for Nd from 0 to 0.3 wt.%.