Praseodymium Neodymium alloy prices fell in step with weaker oxide raw material prices, as downstream magnetic material buyers remained cautious with limited transaction follow-through. Suppliers' willingness to hold prices firm has eased, and the market is in a stalemate with short-term sideways movement expected.
SMM reports praseodymium neodymium alloy price increased by 10,000 yuan/mt on July 8, driven by rising raw material costs and active market inquiries. Suppliers reduced low-price sales and some high-priced transactions occurred, indicating a short-term upward trend.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Praseodymium Neodymium Alloy | China | SPOT | USD 132,350.00/MT | September 2026 |
| Praseodymium Neodymium Alloy | China | SPOT | USD 131,031.00/MT | August 2026 |
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Praseodymium neodymium alloy procurement conditions remained firm during H1 2026 as China's dominance across refining and magnet manufacturing continued to shape global supply security. Export licensing disruptions and broader controls on rare-earth materials affected international procurement, even though NdPr itself was not among the seven rare-earth elements directly covered by China's April 2025 controls. Supply-chain diversification accelerated as US, European and Japanese buyers sought alternative sources, while China's June restrictions on 10 US companies added further uncertainty.
Analyst Insight
According to Procurement Resource, praseodymium neodymium alloy costs are expected to remain relatively firm, with supply diversification and permanent-magnet demand shaping regional price disparities.
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In the second half of 2025, the Praseodymium-Neodymium (NdPr) alloy market registered an impressive growth trend, primarily driven by the tightening supply and rising industrial demand. The U.S. suppliers concentrated on local processing and controlled the export of the alloy to China, thereby reducing the global supply. Concurrently, the supply from China was affected by the implementation of tighter export quotas and control, putting significant pressure on global buyers to source the alloy.
The industrial and application demand continued to increase from major industries, including electric vehicle motors, wind farms, and high-performance electronics, as they require the Praseodymium-Neodymium alloy to function as permanent magnets. The qualification of U.S. sourced Praseodymium-Neodymium Oxide for commercial use in permanent magnets helped to boost market sentiment. Moreover, the involvement of governments in the form of strategic investment in the rare earth sector in the U.S. and European regions contributed to the growth trend.
Overall, H2’25 reflected a clear upward trend, with prices benefiting from supply limitations, strategic sourcing initiatives, and steady growth in green energy and technology applications.
Praseodymium neodymium alloy is one of the rare earth alloys containing different proportions of praseodymium and neodymium. They are silvery grey blocks with a metallic lustre.
Nd-Pr
Permanent magnets, non-ferrous alloy additives
Praseodymium-Neodymium Metal, PrNd01, PrNd02, PrNd03, PrNd04, PrNd05, PrNd06
China Northern Rare Earth, China Nonferrous Metal Mining Group, Ganzhou Qiandong Rare Earth Group Co., Ltd, Sichuan JCC Rare Earth Metals, Innuovo Magnetics, Shanghai Heli Rare Earth Materials Co Ltd,
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Praseodymium neodymium alloy is produced by dehydrating pure precipitates of Praseodymium and neodymium, then roasting and powdering the metals and adding trioxides of Praseodymium and neodymium. The resultant mixture is then smelted to obtain the alloy.
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