Conducting　a　comprehensive　analysis　of　life　cycle　assessment　and　life　cycle　cost　is　critical　for　quantifying　environmental　impacts　and　estimating　production　costs　associated　with　new　production　methods.　Therefore,　the　life　cycle　assessment　and　life　cycle　cost　of　1　kg　bonded　Nd-Fe-B　magnetic　powder　produced　by　different　production　methods　from　＂cradle　to　gate＂　are　studied　in　this　study.　The　results　indicate　that　recycling　is　more　advantageous　than　direct　production　in　both　environmental　and　economic　terms.　Specifically,　the　endpoint　impact　categories　for　1　kg　of　bonded　Nd-Fe-B　powder　produced　by　various　methods　reveal　that　recycling　and　regeneration　reduce　the　environmental　impact　by　42%,　41%,　and　42%　compared　to　direct　production　in　the　categories　of　Human　Health,　Ecosystem　Diversity,　and　Resource　Availability,　respectively.　Additionally,　in　terms　of　life　cycle　cost,　recycling　yields　savings　of　47%　and　32%　compared　to　direct　production　in　the　internal　and　external　life　cycle　cost,　respectively.　The　results　demonstrate　that　the　environmentally　friendly　and　cost-reducing　method　of　recycling　and　regeneration　points　out　a　pathway　for　transforming　the　industrial　structure　of　bonded　Nd-Fe-B　magnetic　powder.