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In this study, eco efficiency analysis is performed to analyze Neodymium (Nd) containing permanent magnet recycling process. Life cycle assessment (LCA) and life cycle costing (LCC) are used to apply eco efficiency analysis. In the environmental aspects, global warming potential (GWP) of 1kg permanent magnet is 1.25E + 00 kg CO 2 eq. and abiotic resource depletion potential (ADP) is 1.10E -02 Sb eq. This recycling process costs about 2130 KWR. Environmental efficiency of GWP is at 6.43 and ADP is at 5.32 when compared with vigin metal. Economic efficiency is at 6.74. This study confirms that Nd containing permanent magnet recycling process is sustainable system because of environmental and economical improvement.