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.
Analyst Insight
According to Procurement Resource, praseodymium prices are expected to remain volatile, supported by supply-side control and strong magnet-sector demand, while cautious procurement may limit further sharp increases.
Related Report
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Unlock Price Insights NowOur Clients
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
In the latter half of 2025, the prices of Praseodymium recorded a strong upswing with the tightening supply and growing demand for the product in the respective industries. Prices gained momentum as the supply of the product from the major producers decreased, with supply chains becoming even more restricted, especially after the change in the export strategy and domestic refining policies in the United States and China. The halt in the supply of the product to China by one of the major producers resulted in the supply gap in the rare earth market, which caused the prices to rise. Along with this, China strengthened its grip on the rare earth quotas and the flow of minerals.
Demand remained robust during this period and was supplemented by strong production of electrical vehicles, wind farms, and electronic devices that use permanent magnets. The peak production season in China also helped boost demand for praseodymium, and global demand continues to rise faster than global supply. Government incentives for the production of rare earth materials domestically and new systems of pricing in Western countries also helped boost prices by encouraging local production and reducing dependence on imports from China. Overall, H2’25 saw a strong upward trend in prices for praseodymium.
Analyst Insight
According to Procurement Resource, Praseodymium prices are expected to remain strong and will be supported by increasing demand for clean energy and continuing global rare earth material supply constraints.
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.
Team Lead - Market Research
Leading procurement-focused market intelligence across chemicals, composites, advanced materials, aerospace & defense, and energy, delivering commodity forecasts, supply chain analysis, and competitive benchmarking to support sourcing decisions.
Our Price Analysis Methodology
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
This report provides the cost structure for modified starch using chemical modification.
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply-demand dynamics and capacity-driven market analysis
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
