Pr

Praseodymium

Projects

Major Praseodymium Projects Worldwide

The development pipeline for Praseodymium projects spans exploration through production across multiple jurisdictions. We track 2 key projects that will shape the future supply landscape for this rare earth element.

Current Production

10,000

tonnes REO

Top Producer

China

62% share

Projects Tracked

2

Reserves

Part of total REE reserves

Praseodymium Project Pipeline

The following projects represent the most significant Praseodymium operations and development-stage assets worldwide:

Nolans Project

Arafura Rare Earths

Approved
Country: Australia Capacity: ~4,440 tonnes NdPr/year

Dedicated NdPr project in Northern Territory

Wicheeda

Defense Metals

PFS
Country: Canada Capacity: ~25,000 tonnes REO/year

Large carbonatite deposit with significant NdPr content

Government Support and Strategic Initiatives

Recognizing the strategic importance of Praseodymium, governments in major consuming nations have launched programs to support project development. These include direct financing, loan guarantees, streamlined permitting, and bilateral resource partnerships. As a USGS-listed critical mineral, Praseodymium projects are eligible for various U.S. government support mechanisms including the Defense Production Act Title III program. EU Critical Raw Materials Act provisions enable fast-track permitting and financing support for Praseodymium projects within the EU and partner nations.

Key Industry Developments

Recent developments affecting the Praseodymium project landscape:

2010-2011

NdPr prices surged to over $250/kg during Chinese rare earth crisis; Pr tracked Nd pricing closely

2021-2022

NdPr oxide prices reached $130/kg on strong EV magnet demand

2024

Growing EV production drove NdPr demand growth of ~8% annually; supply remained constrained outside China

Return to the Praseodymium hub page or browse the full Mineral Library.