Prices
No single exchange-settled price exists for praseodymium. Trade settles over-the-counter against benchmarks published by independent price-reporting agencies. We do not republish those numbers — consult the publishers directly:
Shanghai Metals Market ↗
Daily Chinese rare-earth oxide and metal benchmark quotations.
Fastmarkets — Rare Earths ↗
MB FOB China benchmark prices and market intelligence.
Asian Metal ↗
Daily REE oxide quotations from Chinese suppliers (subscription).
USGS Mineral Commodity Summaries 2026 ↗
Annual U.S. Geological Survey reference — production, reserves, prices, and trade statistics for praseodymium.
About Praseodymium
Editorial overviewWhat is praseodymium?
Praseodymium is a rare-earth metal, usually discussed in industry as part of the neodymium-praseodymium (NdPr) value chain rather than as a standalone mined product. It is most important as an input to high-performance permanent magnets and related rare-earth materials (USGS MCS 2026: Rare Earths).
How praseodymium is priced
There are no listed futures for praseodymium oxide or metal on any regulated exchange. Prices for individual rare earth oxides are published as benchmark assessments by Fastmarkets, Argus and S&P Global Platts, plus Chinese domestic spot via Shanghai Metals Market and Asian Metal. China’s rare-earth export quotas and producer pricing dominate the world reference.
Where praseodymium comes from
Praseodymium is covered in USGS MCS 2026 under the rare-earths basket, so mine production and reserves are reported at the rare-earths level rather than by individual element (USGS MCS 2026: Rare Earths). The top 5 2025 rare-earth mine producers were China (270,000 t), Burma/Myanmar (122,000 t), the United States (51,000 t), Australia (29,000 t), and Thailand (4,800 t), with world production at 390,000 t (USGS MCS 2026: Rare Earths). Full breakdown in the production and reserves sections.
Who produces praseodymium
Leading producers and processors in the NdPr/rare-earth chain include China Northern Rare Earth Group and Shenghe Resources in China, MP Materials in the United States, and Lynas Rare Earths in Australia/Malaysia; these are the names most closely associated with separated rare-earth products feeding NdPr supply (MP Materials Q1 2026 Results, Shenghe Resources). MP Materials reported record NdPr production of 917 metric tons in Q1 2026, and Shenghe describes itself as a world-class developer, producer and supplier of rare earths and relevant products (MP Materials Q1 2026 Results, Shenghe Resources). Full list of producers below.
What praseodymium is used for
USGS says the leading global use of rare earths was magnets, while the leading domestic end use was catalysts; other uses included batteries, ceramics and glass, metallurgical applications and alloys, and polishing (USGS MCS 2026: Rare Earths). For praseodymium specifically, that means it is mainly consumed in NdPr feed for permanent magnets, especially in EV motors and wind-turbine generators (USGS MCS 2026: Rare Earths).
Key facts about praseodymium supply
- USGS MCS 2026: world rare-earth mine production was 390,000 t in 2025, and world reserves were >75,000,000 t, implying a reserve-to-production cover of more than 190 years.
- USGS MCS 2026: China produced 270,000 t of rare earths in 2025, or about 69% of the world total.
- USGS MCS 2026: Burma/Myanmar produced 122,000 t in 2025, making it the second-largest rare-earth producer in the table.
- USGS MCS 2026: imports of rare-earth compounds and metals had net import reliance of 67% in 2025e, down from >90% in 2023.
- USGS MCS 2026: limited quantities of rare earths were recovered from batteries, permanent magnets, and fluorescent lamps.
Sources: USGS MCS 2026 Rare Earths PDF, MP Materials Q1 2026 Results, Shenghe Resources
Mine Production by Country
Source: USGS MCS 2026Per-country production data not published by USGS
USGS Mineral Commodity Summaries 2026 reports rare-earth production and reserves on a combined rare-earth-oxide (REO) basis only — per-country data are not broken out by individual element. Praseodymium production and reserves figures are not separately published by USGS. For the consolidated REE-group table covering all rare earths, see the Rare Earth Elements (REE) page.
Source: USGS MCS 2026
Major Producers (10)
Primary disclosure unavailableWhy no producer rankings? No producer discloses element-specific praseodymium tonnage. Praseodymium is almost always reported together with neodymium as "NdPr" because the two elements co-occur in bastnäsite and monazite and are used in identical magnetic applications. Consolidated REO production figures appear on the Rare Earths page. The 10 companies below are the major world producers of separated praseodymium oxide. Country-level estimates are available in the USGS production table above.
China
600111
Undisclosed Output
Not disclosed
Largest REE producer globally (~80% of Chinese light REE quota). Reports aggregated REO output only — per-element tonnage not separately disclosed. Operates under MIIT production quotas.
China
HKEX:0769
Undisclosed Output
Not disclosed
State-owned consortium formed Dec 2021 (merger of Minmetals REE + Chinalco REE + Southern). Reports under MIIT quota; per-element production not separately disclosed.
Australia
ILU
Pre-production
Not yet in production
Eneabba refinery (WA) under construction — first production targeted FY2027. Currently stockpiles monazite/xenotime concentrate; no per-element REO output yet.
Australia
LYC
Undisclosed Output
Not disclosed
Largest non-Chinese REE producer. Reports total REO and NdPr output (separated as a pair) only; individual Nd, Pr, Dy, Tb tonnages not separately disclosed.
USA
MP
Undisclosed Output
Not disclosed
Operates Mountain Pass (USA) — only US-active rare earth mine. Reports REO concentrate output and (from 2024) NdPr metal; per-element Nd/Pr/Dy/Tb breakouts not disclosed.
Canada
NEO
Undisclosed Output
Not disclosed
Magnetic-materials processor (Estonia/China/Thailand). Reports product-line revenue; per-element rare earth oxide tonnage not separately disclosed.
China
600392
Undisclosed Output
Not disclosed
Trades REE concentrate (including MP Materials offtake) and operates separation. Per-element output not separately disclosed in public filings.
Japan
4063
Undisclosed Output
Not disclosed
Major NdFeB magnet producer (Japan/Vietnam). Reports segment revenue; per-element REE consumption/output not disclosed.
Japan
6762
Undisclosed Output
Not disclosed
Major NdFeB magnet producer (Japan). Reports magnet segment revenue; per-element REE tonnage not disclosed.
China
600549
Undisclosed Output
Not disclosed
REE and tungsten producer (China). Operates under MIIT REE quota; per-element output not separately disclosed.
Latest News
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Frequently Asked Questions
Auto-generated from primary-source dataWho are the largest global producers of praseodymium?
Among 780+ producers tracked on TSM Hub, the largest disclosed praseodymium producers include China Northern Rare Earth (Group) High-Tech Co., Ltd. (China), China Rare Earth Group Co., Ltd. (China), Iluka Resources Ltd. (Australia). Some operating praseodymium producers do not publish metal-specific tonnage — such as China Northern Rare Earth (Group) High-Tech Co., Ltd. (China), China Rare Earth Group Co., Ltd. (China), Lynas Rare Earths Ltd. (Australia) — and are listed with an “Undisclosed Output” badge instead of a rank, in line with our principle of never inventing numbers absent from primary sources. Full ranking with primary-source links is available in the producers section.
What is the primary source for praseodymium production and reserves data?
Country-level praseodymium production and reserves figures on TSM Hub are sourced directly from the USGS Mineral Commodity Summaries 2026, the U.S. Geological Survey's authoritative annual reference. Company-level production figures come from each producer's official annual report, production report, or regulated exchange filing.