A novel electrodynamic wheel is proposed to convey a conductive rod. When rotating the spiral electrodynamic wheel around the conductive rod, a radial force and an axial force are generated, and are used to convey the rod without mechanical contact. However, even though the radial force acting on the rod is a repulsive force, the spatial stability of the rod is not always guaranteed in the uncontrolled mode. The stability depends fully on the operating condition. So, for the proposed conveyance system, the operating conditions for dynamic stability of the rod are clarified on the basis of dynamic analysis and finite element analysis (FEA) with experimental verification, thereby showing the feasibility of the proposed conveyance system. A test setup is designed and used to analyze the effect of the relative position between permanent magnets (PMs) constituting the wheel, and the pole number of PMs.