For the Quarter Ending September 2025
North America
• In United States, the Praseodymium Price Index rose quarter-over-quarter in Q3 2025, driven by increased production costs.
• Praseodymium production costs increased, influenced by a 2.6% PPI rise in August and 3.0% CPI in September 2025.
• Demand for Praseodymium was supported by surging US electric vehicle sales in Q3 2025 and strengthening manufacturing output.
• Industrial production showed weak growth at 0.1% year-over-year in September 2025, impacting overall industrial demand.
• Strong consumer spending, with retail sales up 5.42% and 4.3% unemployment in September 2025, boosted demand.
• Consumer confidence declined to 94.2 in September 2025, potentially dampening future discretionary spending.
• Henry Hub natural gas feedstock prices were flat in Q3 2025, but wholesale electricity prices were expected to rise.
• US imports of rare-earth metal compounds increased in July 2025, reflecting efforts to secure inventories.
Why did the price of Praseodymium change in September 2025 in North America?
• Rising input costs, with a 2.6% PPI increase in August 2025, pressured Praseodymium prices upward.
• Strong consumer spending, with retail sales up 5.42% in September 2025, supported Praseodymium demand.
• Increased US imports of rare-earth metal compounds in July 2025 reflected efforts to secure inventories.
APAC
• In China, the Praseodymium Price Index rose quarter-over-quarter in Q3 2025, driven by increased rare earth concentrate feedstock costs.
• Praseodymium production costs trended upwards in Q3 2025 due to rising rare earth concentrate and upstream supply chain expenses.
• Demand strengthened from automotive New Energy Vehicles (NEVs) and wind power sectors in Q3 2025, supporting Praseodymium consumption.
• Electronics manufacturing demand grew steadily, bolstered by retail sales increasing 3.0% year-on-year in September 2025.
• China tightened rare earth supply controls in August 2025; exports surged in July and August, impacting market availability.
• The Manufacturing Index was contracting in September 2025, yet industrial production grew 6.5% year-on-year.
• Producer Price Index fell 2.3% year-on-year in September 2025, reflecting industrial pricing pressure.
• Consumer Price Index fell 0.3% year-on-year in September 2025, with consumer confidence at 89.6.
• The Praseodymium price forecast remains sensitive to ongoing supply controls and fluctuating industrial and consumer demand.
Why did the price of Praseodymium change in September 2025 in APAC?
• Rare earth concentrate feedstock costs and upstream supply chain expenses increased during Q3 2025.
• China's tightened rare earth supply controls in August 2025 limited market availability.
• Strong demand from NEV and wind power sectors, alongside industrial production growth, supported prices.
Europe
• In Germany, the Praseodymium Price Index fell quarter-over-quarter in Q3 2025, influenced by contracting industrial production.
• Praseodymium production costs rose in Q3 2025 due to an upward trend in rare earth concentrate feedstock and elevated energy prices.
• The Praseodymium demand outlook is mixed, with robust automotive sector demand for EVs offsetting industrial slowdowns.
• Overall industrial output declined 1.0% in September 2025, contributing to moderated downstream manufacturing demand for Praseodymium.
• Industry inventories of rare earth elements accumulated in Q3 2025, reflecting a slowdown in manufacturing activity and new orders.
• Global Praseodymium supply faced persistent constraints in Q3 2025 due to China's tightened export controls and supply disruptions.
• Rising CPI (2.4% in September 2025) increased operational costs, while falling PPI (-1.7%) suggested reduced input costs for Praseodymium.
• Retail sales rose marginally by 0.2% in September 2025, with a stable 6.3% unemployment rate, indicating cautious consumer spending.
Why did the price of Praseodymium change in September 2025 in Europe?
• Industrial production declined 1.0% in September 2025, reducing demand for Praseodymium in key manufacturing sectors.
• Industry inventories of rare earth elements accumulated in Q3 2025, indicating moderated downstream manufacturing demand.
• Despite persistent global supply constraints, weaker industrial demand contributed to downward pressure on Praseodymium prices.
