Praseodymium
Overview
A rare earth element often paired with neodymium in permanent magnets. Praseodymium is also used in aircraft engines and as a colorant for glasses and ceramics.
Strategic Relevance
Demand closely linked to neodymium for magnet applications. Essential component of didymium used in protective welding glasses.
Applications
Price History
Historical price trend (USD/kg or USD/tonne)
Physical Properties
- Density
- 6.77 g/cm³
- Melting Point
- 931°C
- Atomic Number
- 59
- Category
- Rare Earth
Supply Concentration
- China70%
- Australia12%
- Myanmar8%
- Other10%
Related Documentation
Procyon Indicative Price
Form: Metal · Purity: 99%
Indicative level for information only, based on Procyon Metals' trading activity. It is not a firm offer or investment advice. Firm quotes are issued to partner advisers and professional clients according to form, purity and volume.
Request a firm quote →Frequently asked questions
What is the price of praseodymium?
In 2024, the reference price for praseodymium stood at around 65 USD/kg, compared with 70 USD/kg in 2023. Prices vary with purity, form (oxide or metal) and traded volume; the full history is charted above.
How can a client hold physical praseodymium?
Praseodymium is held in a specified form (metal, oxide or compound) and purity, backed by a certificate of analysis for the lot. Procyon Metals works through wealth advisers and family offices: it sources from vetted counterparties, documents the lot and arranges transport and storage with a specialist custodian.
Why is praseodymium a strategic metal?
Demand closely linked to neodymium for magnet applications. Essential component of didymium used in protective welding glasses.
Which countries produce praseodymium?
Praseodymium production is highly concentrated: China (70%), Australia (12%), Myanmar (8%).
How liquid is physical praseodymium?
Less liquid than listed products: there is no exchange price for praseodymium that a private holder can trade on. Resale is negotiated with industrial buyers or traders, and the price and timing depend on form, purity, lot size and demand at that moment. It should be treated as a long-horizon holding.