Praseodymium Price: Range, Benchmarks and Drivers

USGS reports the average 2025 price of praseodymium at $74/kg (praseodymium oxide, 99.99% minimum, average; +32% on 2024). The price has changed by an average of -6% a year since 2021. The table gives the annual averages for each year available, and the sections after it give the dealer price where one is listed and the recent events the sources report.

Praseodymium price: what the sources report

What recent events affect the praseodymium market?

• 2025. The average praseodymium oxide price rose 32% from $56 to $74 per kilogram. USGS does not list this element among those named in China's 2025 rare earth export control measures.

Frequently asked questions

How much does praseodymium cost?

USGS reports the average 2025 price of praseodymium at $74/kg (praseodymium oxide, 99.99% minimum, average; +32% on 2024). EarthRarest, our sister business, lists Pr6O11 min. 99.00% / TREO at $197.10/kg (25 kg oxide drums), read on October 14, 2026; a dealer list price covers one grade and pack size and is not a market benchmark.

Which country produces the most praseodymium?

USGS does not report praseodymium separately; China produced the most rare earths of any country in 2025, an estimated 270,000 t (69%) of the world's 390,000 t of rare earth oxide equivalent.

Is praseodymium a critical mineral?

Yes. Praseodymium is on all four official critical minerals lists: the US, EU, Australian and Canadian. Praseodymium was already on the 2022 US list and stays on the final 2025 list of 60 minerals. US net import reliance for praseodymium in 2025 was 67% for rare earth compounds and metals as a group.

What is praseodymium used for?

Praseodymium is used in permanent magnets. Permanent magnets: alloys containing neodymium, samarium, gadolinium, dysprosium or praseodymium (USGS, 2002); the EU lists praseodymium among the rare earths for permanent magnets.

Sources

Read on October 14, 2026. Figures on this page come from these documents; where a number is an estimate, the source says so.

1. USGS Mineral Commodity Summaries 2026: Rare earths. Production, reserves, uses, substitutes, recycling and events
2. USGS Mineral Commodity Summaries 2026: introduction (Table 7 and Figures 10A and 10B). Net import reliance, leading producer and price changes for critical minerals
3. USGS Fact Sheet 087-02: Rare Earth Elements, Critical Resources for High Technology (2002). Used for the uses of individual elements; it dates from 2002
4. Regulation (EU) 2024/1252, Annex I. Lists neodymium, praseodymium, terbium, dysprosium, gadolinium, samarium and cerium as rare earths for permanent magnets
5. Federal Register: Final 2025 List of Critical Minerals
6. EUR-Lex: Regulation (EU) 2024/1252
7. Department of Industry, Science and Resources: Australia’s Critical Minerals List and Strategic Materials List
8. Government of Canada: Canada’s critical minerals
9. EarthRarest price list. Dealer list price, read October 14, 2026; our sister business
10. Lynas Rare Earths: 2026 Annual Report and Appendix 4E (26 August 2026)
11. MP Materials, Form 10-K for 2025 (filed 26 February 2026)
12. China Northern Rare Earth: 2025 annual report, in Chinese (17 April 2026)
13. Neo Performance Materials: annual information form for 2024 (18 March 2025)