Price

Praseodymium Pricing and Market Data

Praseodymium pricing is almost always quoted alongside neodymium as NdPr oxide, trading at $70-110/kg. Separated Pr oxide commands similar prices to Nd as they are co-consumed in magnets. The NdPr market is the value engine of the entire rare earth industry; most mining projects are economically justified by NdPr revenue. Prices follow the same cycles as neodymium, peaking during the 2010-2011 and 2021-2022 rallies.

Pricing Mechanisms

Praseodymium is priced using benchmarks from Asian Metals/Shanghai Metals Market. Praseodymium pricing operates through a combination of exchange-based benchmarks, price reporting agency assessments, bilateral negotiation, and long-term offtake contracts. The specific mechanism depends on product form, grade, and the buyer-seller relationship.

Price History and Notable Market Events

The Praseodymium market has been shaped by the following key events:

Price Drivers

Key factors influencing Praseodymium prices include production levels in China (62% of global supply), demand from permanent magnets (ndpr alloy) and aircraft engine alloys, inventory levels, energy costs, and government policy actions such as export restrictions or strategic stockpiling.

Spot vs. Contract Pricing

The Praseodymium market features both spot transactions and longer-term contracts. Spot prices reflect current conditions and are more volatile, while multi-year offtake agreements provide supply security for both producers and consumers. Current spot pricing is in the range of 70-80 $/kg oxide (NdPr blend).