59
Pr
Praseodymium
Praseodymium
Critical for permanent magnets in electric vehicles and wind turbines.
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Key Applications
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Permanent magnets
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Aircraft engines
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Lighter flints
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Welding goggles
Market Data
Price
$80-120/kg
Demand Trend
Rapid growth 12%
Primary Supply
China
Reserves
Moderate
Risks & Substitutes
01
Often coupled with neodymium in magnets; price volatility.
02
Limited substitutes for magnetic applications; dependence on green technologies.
03
Supply concentration and exposure to Chinese policies.
Related Elements
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