Praseodymium Neodymium Alloy Price Trend and Forecast

Praseodymium Neodymium Alloy Regional Price Overview

Get the latest insights on price movement and trend analysis of Praseodymium Neodymium Alloy in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Praseodymium Neodymium Alloy Price Trend for the Second Half of 2023

The Praseodymium Neodymium Alloy market was found to be weakening consistently throughout the given span of the second half of the year 2023. The Chinese rare earth metal industries struggled to sustain their momentum for the entire year as the demands plummeted in both the domestic and international markets.

Praseodymium Neodymium Alloy Price Chart

Praseodymium Neodymium Alloy Price Trends and Forecast

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The feedstock Praseodymium Neodymium oxide prices in December of 2023 exhibited an approximate 9% month-on-month and 26% year-on-year decline. This fall in market prices reflects the poor consumption situation. The economic struggles in the European and American regions kept the market riddled in the first half of the year, while adverse geopolitical and geoeconomic situations of the fourth quarter hammered the Praseodymium Neodymium Alloy price graph down in the latter phase. Overall, a sluggish market performance was witnessed.

Analyst Insight

According to Procurement Resource, Praseodymium Neodymium Alloy prices are likely to falter more moving forward. The demand trajectories are not likely to improve anytime soon.

Praseodymium Neodymium Alloy Price Trend for the First Half of 2023

Praseodymium Neodymium Alloy is a nonferrous metal alloy represented as Nd-Pr and is primarily used for making permanent magnets with high magnetism, ceramics, and glass.

In the Chinese domestic market, the Praseodymium Neodymium Alloy prices showed oscillations throughout the said period. The Chinese market trend greatly determine the global market trend for Praseodymium Neodymium Alloy, as China is the biggest exporter of such rare nonferrous earth metals. Depending on various factors, the highs in price trend were attributed to a rise in demand, while the lows were attributed to the excess supply amidst bearish market queries. Overall, the Praseodymium Neodymium Alloy market remained afloat.

Analyst Insight

According to Procurement Resource, given the moderate market behavior, the Praseodymium Neodymium Alloy prices are likely to oscillate within a narrow price range.

Procurement Resource provides latest prices of Praseodymium Neodymium Alloy. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Praseodymium Neodymium Alloy

Praseodymium neodymium alloy is one of the rare earth alloys containing different proportions of praseodymium and neodymium. They are silvery grey blocks with a metallic lustre.

Praseodymium Neodymium Alloy Product Details

Report Features Details
Product Name Praseodymium Neodymium Alloy
Industrial Uses Permanent magnets, non-ferrous alloy additives
Chemical Formula Nd-Pr
Synonyms Praseodymium-Neodymium Metal, PrNd01, PrNd02, PrNd03, PrNd04, PrNd05, PrNd06
Molecular Weight 285.15 g/mol
Supplier Database China Northern Rare Earth, China Nonferrous Metal Mining Group, Ganzhou Qiandong Rare Earth Group Co., Ltd, Sichuan JCC Rare Earth Metals, Innuovo Magnetics, Shanghai Heli Rare Earth Materials Co Ltd, 
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-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 Neodymium Alloy Production Processes

Praseodymium neodymium alloy is produced by dehydrating pure precipitates of Praseodymium and neodymium, then roasting and powdering the metals and adding trioxides of Praseodymium and neodymium. The resultant mixture is then smelted to obtain the alloy.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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