SMM reported Pr-Nd oxide and alloy prices rose on July 8, driven by active futures trading and reduced low-price supply. Large magnet makers entered the market, supporting higher offers. The outlook is for further gains as trading activity improves.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Praseodymium | China | FOB | USD 149,024.00/MT | July 2026 |
| Praseodymium | India | CIF | USD 149,130.81/MT | July 2026 |
| Praseodymium | Germany | CIF | USD 149,157.63/MT | July 2026 |
| Praseodymium | Australia | CIF | USD 149,122.46/MT | July 2026 |
| Praseodymium | Brazil | CIF | USD 149,195.61/MT | July 2026 |
| Praseodymium | China | FOB | USD 140,170.84/MT | June 2026 |
| Praseodymium | India | CIF | USD 140,258.38/MT | June 2026 |
| Praseodymium | Germany | CIF | USD 140,292.32/MT | June 2026 |
| Praseodymium | Australia | CIF | USD 140,236.92/MT | June 2026 |
| Praseodymium | Brazil | CIF | USD 140,342.44/MT | June 2026 |
Stay updated with the latest Praseodymium prices, historical data, and tailored regional analysis
In China, praseodymium averaged 144,502 USD/MT in May 2026 and 140,171 USD/MT (FOB) in June'26, a decline of 3.0%. During Q2 2026, praseodymium prices declined across major markets after strengthening earlier in the quarter. The correction was driven by weaker purchasing from the magnet sector and improved availability after suppliers released material following the earlier rally. A mid-June recovery emerged as expectations of reduced output from rare-earth scrap recyclers tightened supply sentiment, but the increase lost momentum when production cuts proved smaller than expected and downstream buyers resisted higher offers. China remained highly influential in international supply, accounting for an estimated 68% of combined 2026 production among seven major listed rare-earth producers. In India, praseodymium averaged 144,570 USD/MT (CIF) in May and 140,258 USD/MT (CIF) in June, while Germany averaged 144,596 USD/MT (CIF) in May'26 and 140,292 USD/MT (CIF) in June. Both markets followed the weaker Chinese export trend due to their dependence on imported rare-earth material.
Analyst Insight
According to Procurement Resource, near-term prices are expected to remain relatively stable with a mild recovery bias, supported by firm upstream costs, though weak magnet demand is likely to limit any sharp increase.
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During Q1’26, praseodymium prices in Asia followed a mixed trend, supported initially by supply constraints and later impacted by softer downstream procurement. Tight rare earth availability and export restrictions in China supported strong price gains in January and February, with praseodymium-neodymium oxide rising by ~30% over the quarter. China’s dominant position in the rare earth supply chain remained a key factor, controlling about 61% of global mined supply and 91% of refining capacity, which amplified the impact of policy changes and export controls on regional availability. Upstream pressure came from controlled mining output and limited processing capacity, while the Iran war and Strait of Hormuz disruption increased freight, insurance, and delivery risks, raising overall supply chain costs. Downstream demand from magnet manufacturing for electric vehicles, renewable energy systems, and electronics remained structurally strong, but buyers reduced procurement in March due to high inventory levels and price sensitivity.
Praseodymium, a silvery metal, is the third member of the lanthanide series. It is an element of f-block with 59 as its atomic number. Praseodymium is a soft, malleable, and ductile metal. It cannot be found in natural form as it is too reactive. Further, Praseodymium is highly valued for its magnetic, chemical, electrical, and optical properties.
Pr
Alloying agent, High-power magnets, Catalyst, Carbon arc electrodes
7440-10-0, praseodimio, praseodyme
Umicore N.V, American Elements, ESPI Metals, Stanford Advanced Materials
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 is recovered or derived from monazite and bastnasite mineral ores via extraction process. First, monazite and bastnasite mineral ores are mined and extracted, which are further chemically refined to produce Praseodymium as the final product.
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