Year-by-year annual average price for praseodymium in USD/kg, sourced from U.S. Geological Survey, Mineral Commodity Summaries 2025. Praseodymium oxide (Pr₆O₁₁), 99% REO, Chinese export price.
← Back to live praseodymium price
Praseodymium is co-critical with neodymium for EV and wind energy magnets. Supply concentration in China creates strategic vulnerability for energy transition supply chains. Demand is driven primarily by PrNd alloy magnets for EV motors and wind turbines, Aircraft engine alloys, Colorant for glass and ceramics. Supply is concentrated in China, Australia, United States, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Praseodymium prices.
Praseodymium prices fell -22.4% from 2023's $58 per USD/kg to $45 per USD/kg in 2024.
Praseodymium prices fell -53.6% from 2022's $125 per USD/kg to $58 per USD/kg in 2023.
Praseodymium prices rose +42.0% from 2021's $88 per USD/kg to $125 per USD/kg in 2022. That was the highest 2022 reading in 10 years.
Praseodymium prices rose +120.0% from 2020's $40 per USD/kg to $88 per USD/kg in 2021. That was the highest 2021 reading in 8 years.
Praseodymium prices rose +5.3% from 2019's $38 per USD/kg to $40 per USD/kg in 2020.
Movement summaries above are calculated directly from the annual averages shown in the table. Critical Minerals HQ does not attribute price moves to specific events except where backed by sourced reporting.
| Year | Average Price (USD/kg) | YoY Change |
|---|---|---|
| 2024 | $45 | -22.4% |
| 2023 | $58 | -53.6% |
| 2022 | $125 | +42.0% |
| 2021 | $88 | +120.0% |
| 2020 | $40 | +5.3% |
| 2019 | $38 | -39.7% |
| 2018 | $63 | +31.3% |
| 2017 | $48 | +33.3% |
| 2016 | $36 | -14.3% |
| 2015 | $42 | -19.2% |
| 2014 | $52 | -13.3% |
| 2013 | $60 | -47.8% |
| 2012 | $115 | -56.6% |
| 2011 | $265 | +597.4% |
| 2010 | $38 | +280.0% |
| 2009 | $10 | -16.7% |
| 2008 | $12 | +20.0% |
| 2007 | $10 | +25.0% |
| 2006 | $8.00 | +14.3% |
| 2005 | $7.00 | +16.7% |
| 2004 | $6.00 | +20.0% |
| 2003 | $5.00 | +25.0% |
| 2002 | $4.00 | +0.0% |
| 2001 | $4.00 | -20.0% |
| 2000 | $5.00 | — |
Source: U.S. Geological Survey, Mineral Commodity Summaries 2025. Praseodymium oxide (Pr₆O₁₁), 99% REO, Chinese export price
The most recent annual average we track is $45 per USD/kg for 2024. Live spot prices are shown on the Praseodymium live-price page.
down -22.4% — from $58 per USD/kg in 2023 to $45 per USD/kg in 2024.
up +18.4% — from $38 per USD/kg in 2019 to $45 per USD/kg in 2024.
down -13.5% — from $52 per USD/kg in 2014 to $45 per USD/kg in 2024.
Praseodymium is co-critical with neodymium for EV and wind energy magnets. Supply concentration in China creates strategic vulnerability for energy transition supply chains. Demand is driven primarily by PrNd alloy magnets for EV motors and wind turbines, Aircraft engine alloys, Colorant for glass and ceramics. Supply is concentrated in China, Australia, United States, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Praseodymium prices.
The highest annual average praseodymium price in our recorded series was $265 per USD/kg in 2011.
U.S. Geological Survey, Mineral Commodity Summaries 2025. Praseodymium oxide (Pr₆O₁₁), 99% REO, Chinese export price