Praseodymium Prices
The current price of Praseodymium is $143.30 per kg.
Please note that the price provided here is the retail price for private investors and is aligned with industry retail pricing. For bulk purchases, whether investment or industry, please contact us for a quotation.
Table: Praseodymium Historical Prices and Price Changes
| Date | Praseodymium Price | Change % to Today | Annual Change % |
|---|---|---|---|
| Oct 03 2025 | $143.30 / kg | ||
| Jan 1 2025 | $96.10 / kg | +49.12% | -15.65% |
| Jan 1 2024 | $112.80 / kg | +27.04% | -43.15% |
| Jan 1 2023 | $198.40 / kg | –27.77% | -43.15% |
| Jan 1 2022 | $217.30 / kg | –34.05% | -8.70% |
| Jan 1 2021 | $83.40 / kg | +71.82% | +160.55% |
| Jan 1 2020 | $72.77 / kg | +96.92% | +14.61% |
| Jan 1 2019 | $80.75 / kg | +77.46% | -9.89% |
| Jan 1 2018 | $85.68 / kg | +67.25% | -5.75% |
Praseodymium Historical Price Movement
At today’s price of $143.30 per kg, praseodymium has changed +49.12% since the start of this year and +27.04% since Jan 1st 2024. It is down –34.05% since Jan 2022.
This rare earth has gained +71.82% compared to its price of $83.40 per kg on Jan 1st 2021 and is up +96.92% since Jan 1st 2020. If we go back to Jan 1st 2018, when the cost of a kilogram of praseodymium was $85.68, then the price has increased +67.25%.
Praseodymium is a chemical element belonging to the rare earth group of metals. It has the atomic number 59 and is represented by the symbol Pr on the periodic table. Discovered in 1885 by Carl Auer von Welsbach, praseodymium has a silvery-white color when in its purest form.
To predict where praseodymium prices may head in the future (jump to forecast), it’s important to understand its many applications and who produces it. Let’s dive deeper into this valuable metal and what role it plays globally.
Praseodymium Uses
Praseodymium’s unique properties make it incredibly useful in a variety of applications. It has been used for decades as an alloying agent for softer metals, like aluminum and magnesium, to strengthen them without reducing their flexibility (e.g., to use in aircraft engines). Strong praseodymium-iron-boron magnets are commonly used in smartphones, wind turbines, and electric motors due to their superior strength and lightweight properties.
This rare earth element is used for creating neutron-absorbing control bars in nuclear reactors because of its ability to absorb neutrons. Praseodymium has also proven effective in other areas, such as glass manufacturing, fluorescent & energy-saving lamps, and studio lighting.
Scientists have even found praseodymium to be effective in specific medical treatments as its strongly-magnetic properties are similar to those of iron and can help combat blood disorders that result from iron deficiencies. Praseodymium-177, which emits beta particles, also targets cancerous tissue for destruction.
Other applications include lasers, thanks to this rare earth’s ability to absorb light and fuel cells, where it can be used as an electrode. Lastly, praseodymium plays a role in TV and cellphone color displays due to certain praseodymium compounds’ capability to emit red and green light wavelengths.
In conclusion, praseodymium showcases why it is such a valuable element for modern society with its many uses in various industries.
Where is Praseodymium Produced?
Praseodymium is not mined in isolation. It is found together with light rare earth elements, especially neodymium, in bastnäsite and monazite ores. Globally, China dominates praseodymium production, accounting for around 69% of rare earth ore (in 2024) and a significantly larger share when separation and refining are taken into account. Outside of China, the United States, Myanmar, and Australia are the next largest producers, although each operates on a much smaller scale.
China’s strength is not limited to mining. It controls more than 80% of the global processing capacity for rare earths, making it the central choke point in the supply chain. As a result, even when other countries increase mining output, much of that material still ends up being processed in China. This means that supply concentration risk is rooted as much in refining and separation as in extraction.
What Factors Determine the Price of Praseodymium?
The price of this valuable resource largely depends on the forces of supply and demand.
Praseodymium is a rare earth element with various uses, such as in electric and hybrid cars, wind turbines, and smartphones. An increase in sales for these products would result in greater demand for praseodymium, which would subsequently push up prices.
Keeping tabs on related geopolitical events along with China’s production also has far-reaching implications regarding its availability which could affect pricing at any given time too. Therefore, understanding how market fluctuations work around praseodymium supplies will help us gain insights into where its cost may be headed down the line.
Praseodymium Price Forecast
At a glance
After a 3-digit price hike in 2021 (+161%), praseodymium saw a 55% decrease in value over the past three years. However, praseodymium has rebounded strongly this year, with prices already showing a nearly 50% year-to-date increase (as of September 2025). The rally is not just “EV hype.” It rests on tighter Chinese quota management, fresh policy controls that add friction to supply, and a rare burst of Western supply chain realignment that diverted material away from China’s processors in Q3. The setup for the next 3–5 years is a classic magnets-meets-policy squeeze: demand growth that is steady, not speculative, and supply discipline that is real, not rhetorical.
What changed in 2025
1) China tightened the rulebook and blurred the scoreboard.
Beijing rolled out new interim regulations that extend quota compliance and licensing to both domestic and imported rare earth feedstock, with tougher reporting and penalties. At the same time, the first 2025 mining and smelting quotas were issued quietly, without the usual public disclosure. That opacity raises risk premia because market participants cannot easily model near-term availability. (Source: AP News)
2) A U.S. supply detour jolted prices.
In late August, MP Materials stopped shipping raw material to China as it pivots to domestic refining under U.S. government agreements. Analysts estimated this removed roughly high-single-digit percent of China’s oxide feed, and Chinese NdPr oxide prices jumped 40% in a matter of weeks, the highest in more than two years. That price action spilled over into praseodymium quotations globally. (Source: Reuters)
3) Non-China supply is inching up, but not enough.
Australia’s Office of the Chief Economist expects Australian NdPr oxide output to rise to roughly 5,750 t in 2025, up about 78% year on year. Helpful, but still small compared to Chinese separation capacity and rising global magnet demand.
4) Demand growth looks persistent, not peaky.
IEA’s 2025 critical minerals outlook still sees rare earth demand growing strongly to 2040, with permanent magnets in EV motors and wind remaining the main driver. Even with efficiency gains and thriftier magnet recipes, total magnet tonnage continues to rise with EV and wind installations.
5) Myanmar remains unreliable.
Border ionic-clay operations feed Chinese separation plants and influence heavy REEs most, but instability and environmental clampdowns keep the regional supply picture fragile across the complex. Markets price some of that risk into light REEs like NdPr when Chinese processors feel any feedstock pinch.
What this means for praseodymium
Price drivers tilting upward
Policy friction: Stricter Chinese controls on mining, smelting, imports, and reporting increase the chance of administrative bottlenecks. When quotas are opaque, buyers build precautionary inventory. That supports prices.
Western re-routing: The U.S. push to refine and magnetize at home temporarily reduces feed available to Chinese separators. That shrinks the most liquid market just as seasonal demand returns.
Steady end-use growth: EV powertrains and wind turbines remain structural sinks for NdPr magnets through 2030 and beyond, even as demand for recycling advances.
Potential headwinds to watch
Technological substitution risk: Rare-earth-free magnets are back in the headlines. A U.S. start-up claims iron-nitride magnets can compete with NdFeB on performance. If they scale, that would be material; however, the industry remains extremely cautious (we have heard similar claims before without ever any success). This is a risk to monitor rather than a near-term base case.
Supply catch-up: Australian and U.S. projects are adding units. If a synchronized ramp arrives into a softer macro patch, it could cap the upside for a few quarters.
6–12 month forecast view
Bias: Moderately bullish.
Rationale: Tighter Chinese governance, quota opacity, and U.S. feedstock re-routing have already reset price expectations. If manufacturing activity in China and seasonal magnet orders hold, praseodymium should remain well supported into 2026. The price spike triggered by MP’s shift showed how thin the spot market can be when one major flow changes course.
12–24 month forecast view
Bias: Bullish with volatility.
Rationale: Demand growth from EVs and wind is durable, while non-China supply growth looks incremental rather than explosive. Policy risk stays elevated in China. Substitution efforts are real but not yet scaled. Expect higher highs and sharper pullbacks rather than a straight line.
3–5 year forecast view
- Bias: Bullish, with episodic volatility but a rising floor.
- Rationale: By 2028–2030, the demand side should feel heavier than today, while the supply side still looks disciplined. Magnet rare earth demand growth is not a one-season story. The IEA’s 2025 outlook shows magnet REE demand climbing steadily through 2040, with EVs and wind doing most of the heavy lifting. That is the core pull on NdPr, which is where praseodymium lives.
Why physical Praseodymium fits the Strategic Metals Invest playbook for savvy investors
Praseodymium is a tangible, industry-grade material that can be resold directly to industry at any time, not a financial proxy asset.
Supply concentration risk is being managed with policy tools (from China) rather than new mines, which tends to keep the market tight and supports controlled prices over the long term.
Magnet demand will continue to grow as EV adoption expands, even if each vehicle uses slightly less magnet material.
Below are 10-year forecast graphs by Argus Media for Praseodymium’s future price (fob China), demand, and supply.
How to Buy Praseodymium
Hobbyists interested in purchasing praseodymium may easily find it on sites like Amazon, Alibaba, and eBay. However, these sources offer no assurance of purity or liquidity for the buyer other than what another hobbyist is willing to pay.
For higher quality standards and greater certainty when buying this valuable rare earth metal, corporate buyers such as Samsung, Ford, Tesla, and Panasonic purchase through reputable metals dealers who serve as a bridge between high-tech industries seeking raw materials and the producers supplying them. Those that want to benefit from potential future price increases by owning some praseodymium can do so with us, knowing that they’re buying from the only licensed global industry supplier offering investors private access to this exciting asset class.
Praseodymium futures contracts are also traded in the Shanghai Metal Market (SMM).
How to Sell Praseodymium
Rare earths like praseodymium are highly sought-after by industry buyers like General Motors, LG, and Apple. However, they only purchase from reputable suppliers who can provide a full chain of custody, including analysis reports on purity levels plus adequate storage facilities.
Hence, to ensure the fast and safe liquidation of this resource for investors, it’s crucial that they source it from a reputable supplier, like ourselves, in the first place (all our praseodymium is certified min. 99% pure). Otherwise, they can only sell their praseodymium to hobbyists on online marketplaces like eBay or Alibaba.
Only industry metals traders have the bona fides required to sell to industry giants, guaranteeing market price sales.
All prices on this page last updated Oct 03 2025.