Praseodymium Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
Praseodymium Price Trend, Index and Forecast
Track real-time and historical praseodymium prices across global regions. Updated monthly with market insights, drivers, and forecasts.
Praseodymium Prices October 2025
| Region | Price (USD/KG) | Latest Movement |
|---|---|---|
| Northeast Asia | 102.99 | 1.0% ↑ Up |
Praseodymium Price Index (USD/KG):
The chart below highlights monthly praseodymium prices across different regions.
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Market Overview Q3 Ending September 2025
Northeast Asia: In Northeast Asia, praseodymium prices increased, supported by robust demand from the rare earth magnet industry, particularly for applications in electric vehicles and renewable energy technologies. Supply constraints from mining operations tightened market availability, which elevated the praseodymium price index. Strong procurement activity in automotive and electronics sectors further reinforced upward momentum. Additionally, export demand strengthened, creating competition among buyers and contributing to sustained price growth. Market sentiment remained bullish throughout the quarter, with downstream consumption and limited supply acting as the primary drivers of the increase.
Praseodymium Price Trend, Market Analysis, and News
IMARC's latest publication, “Praseodymium Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the praseodymium market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of praseodymium at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed praseodymium prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting praseodymium pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Praseodymium Market Analysis
The global praseodymium industry size reached 11.98 Thousand Tons in 2024. By 2033, IMARC Group expects the market to reach 17.20 Thousand Tons, at a projected CAGR of 3.90% during 2025-2033. The market is driven by the rising demand for praseodymium in permanent magnets for electric vehicles, wind turbines, and electronics, coupled with expanding renewable energy projects, technological advancements, and supportive government policies for clean energy transitions.
Latest developments in the praseodymium industry:
- January 2025: MP Materials achieved a key step in strengthening the US rare earth supply chain with the launch of commercial production of neodymium-praseodymium (NdPr) metal at its Independence facility in Fort Worth, Texas. By advancing NdPr output, a crucial input for high-performance magnets, the company moved the US closer to rebuilding a self-reliant, fully integrated domestic infrastructure for rare earth materials.
- 2023: Avalon Advanced Materials Inc. and SCR-Sibelco NV announced about the closing of their joint venture transaction to develop flagship lithium mine in Ontario.
- 2023: Indian Rare-Earths planned to expand its mining capacity by 400 per cent for clean energy transition.
Product Description
Praseodymium is a chemical element with the symbol Pr and the atomic number 59 that belongs to the lanthanide family of rare earth elements. It is a soft, silvery, malleable, and ductile metal that quickly oxidizes in air, forming a greenish oxide coating. In metallurgy, it is used as an alloying agent to improve magnesium's strength and workability, resulting in high-strength alloys for aircraft engines. The element is also utilized in the manufacture of specialist glasses and ceramics. For example, welder's goggles and other types of protective eyewear are made from praseodymium-doped glass because of its capacity to filter out dangerous infrared and ultraviolet rays.
Furthermore, praseodymium is an important component in the creation of permanent magnets, particularly neodymium-iron-boron (NdFeB) magnets, which are used in electric motors, wind turbine generators, and a variety of electronic devices. It is also used to make praseodymium yellow pigments, which are noted for their stability and brightness, as well as carbon arc lights, which are utilized in the film industry for studio lighting and projector lamps.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Praseodymium |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Praseodymium Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of praseodymium pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting praseodymium price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The praseodymium price charts ensure our clients remain at the forefront of the industry.
Key Questions Answered in This Report
The praseodymium price in October 2025 was 102.99 USD/Kg in Northeast Asia.
The praseodymium pricing data is updated on a monthly basis.
We provide the pricing data primarily in the form of an Excel sheet and a PDF.
Yes, our report includes a forecast for praseodymium prices.
The regions covered include North America, Europe, Asia Pacific, Middle East, and Latin America. Countries can be customized based on the request (additional charges may be applicable).
Yes, we provide both FOB and CIF prices in our report.
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