Top 10 Praseodymium Producers in 2026

• China Northern Rare Earth leads global praseodymium producers through its Bayan Obo NdPr output, with MP Materials and Lynas Rare Earths the largest confirmed producers outside China.
• Praseodymium is almost never reported as a standalone production figure — it is mined, separated, and sold jointly with neodymium as combined NdPr oxide or metal.
• MP Materials posted record Q1 2026 NdPr output of 917 metric tons, up 63% year-on-year, as Mountain Pass completes its shift to fully separated product.
• Arafura Rare Earths reached Final Investment Decision on its Nolans project in May 2026; Iluka’s Eneabba refinery has slipped to 2027 commissioning.
• Serra Verde, the only scaled non-Asian producer of all four magnetic rare earths, is being acquired by USA Rare Earth in a deal expected to close Q3 2026.

Praseodymium producers rarely appear in market data as a standalone category. Because Pr is mined and processed alongside neodymium at every major deposit, from China’s Bayan Obo to California’s Mountain Pass, the industry tracks combined NdPr oxide and metal output rather than isolated praseodymium tonnage. This ranking identifies the ten companies with the greatest confirmed or near-term influence over that combined supply, and explains where each sits in the praseodymium-neodymium value chain. See our full explainer on what praseodymium is used for if the NdPr relationship needs more background.

How We Ranked the Top 10 Praseodymium Producers

Entries are ranked by confirmed or nameplate NdPr oxide and metal output, since individual praseodymium production is not separately disclosed by any major producer. Companies already shipping separated NdPr are ranked above those still in construction or commissioning, which are included as near-term producers and flagged accordingly. Figures are drawn from company filings, quarterly results, and USGS Rare Earths Statistics, current as of August 2026.

1. China Northern Rare Earth — China (SHA: 600111)

China Northern Rare Earth is the world’s largest praseodymium producer by combined NdPr volume, operating the Bayan Obo deposit in Inner Mongolia, which holds more than 40% of global rare earth oxide reserves. The company reported January 2026 rare earth metals output up 32.84% year-on-year and functional materials output up 52.04%, reflecting continued downstream integration. Output is governed by China’s Ministry of Industry and Information Technology, which sets biannual mining quotas; Bayan Obo’s allocation is the single largest variable in global NdPr supply. See our full China Northern Rare Earth profile for quota history and product lines.

2. China Rare Earth Group — China

China Rare Earth Group was formed via the state-directed merger of China Minmetals, Chinalco, China Southern Rare Earth, Guangdong Rare Earth Industry Group, and Rising Nonferrous. It controls the bulk of southern China’s ion-adsorption clay deposits and contributes meaningfully to the national light rare earth pool alongside its dominant heavy rare earth position. Internal integration across the merged entities remains an ongoing, multi-year process, and how effectively it coordinates quota management and export licensing will shape its influence on praseodymium supply going forward.

3. Shenghe Resources — China (SHE: 600392)

Shenghe Resources processes and trades rare earths across two main segments: Sichuan, focused on light rare earths including praseodymium, and Jiangxi, focused on mid-to-heavy separation. The company guided to 2025 net profit of RMB 790-910 million and is expanding overseas feedstock through its Peak Rare Earths acquisition in Tanzania and a new Madagascar project. Its offtake agreement with MP Materials’ Mountain Pass concentrate lapsed in January 2026 after MP Materials halted sales into China in mid-2025, a structural shift that has pushed Shenghe to diversify its feed sources.

4. MP Materials — USA (NYSE: MP)

MP Materials operates Mountain Pass in California, the only rare earth mine currently in production in the United States. The company posted record NdPr output of 917 metric tons in Q1 2026, up 63% year-on-year, after producing a record 2,599 metric tons across full-year 2025, more than double its 2024 output. Mountain Pass now exits at a run-rate near 4,000 metric tons per year, underpinned by a $110/kg NdPr floor price under its Department of Defense offtake agreement. Dysprosium and terbium separation capability is being commissioned at the site for mid-2026. See our full MP Materials profile for financials and offtake terms.

5. Lynas Rare Earths — Australia (ASX: LYC)

Lynas Rare Earths is the largest rare earth separator outside China, mining feedstock at Mount Weld in Western Australia and separating NdPr at its LAMP facility in Malaysia, with a new plant under construction in Kalgoorlie. NdPr output reached 1,996 tonnes in the quarter ended 31 March 2026, up 32% year-on-year, following full-year FY2025 NdPr sales of 6,555 tonnes against a targeted 12,000 tonnes-per-annum at expanded capacity. Lynas also achieved first samarium oxide production in March 2026, ahead of schedule, and is now shipping separated heavy rare earths alongside its NdPr line.

6. Energy Fuels — USA (NYSE: UUUU)

Energy Fuels, primarily a uranium miner, has built a second business processing monazite sands into separated rare earth oxides at its White Mesa Mill in Utah. Commercial-scale NdPr oxide production began in 2024, and the company achieved on-spec dysprosium oxide at pilot scale in July 2025, with terbium and samarium pilot output targeted for late 2025 and early 2026 respectively. Energy Fuels is working toward commercial-scale heavy rare earth production by Q4 2026, feeding from monazite sourced through its expanding portfolio of mineral sands assets.

7. Serra Verde — Brazil

Serra Verde operates the Pela Ema ionic clay deposit in Goiás, Brazil, and entered commercial production in early 2024 as the first operating ionic rare earth mine in the Western world. It is the only scaled non-Asian producer of all four magnetic rare earths, neodymium, praseodymium, dysprosium, and terbium, and is targeting 6,400 tonnes per year of rare earth oxide by the end of 2027. USA Rare Earth announced a definitive agreement in April 2026 to acquire Serra Verde for approximately $2.8 billion, a deal expected to close in Q3 2026 that would fold Pela Ema’s output into an integrated mine-to-magnet platform spanning Brazil and the United States.

The acquisition terms and pro forma production targets are laid out in USA Rare Earth’s SEC filing on the transaction.

8. Arafura Rare Earths — Australia (ASX: ARU)

Arafura Rare Earths reached Final Investment Decision on its Nolans project in the Northern Territory on 21 May 2026, backed by an A$840 million concessional loan from Export Finance Australia, a €35 million German government grant, and binding offtake agreements with Hyundai, Kia, Siemens Gamesa, and Traxys. Construction is scheduled to begin in September 2026, targeting nameplate output of 4,440 tonnes per year of separated NdPr oxide, roughly 4-5% of projected global demand. Arafura is not yet a producer; this ranking reflects confirmed construction-stage capacity rather than current shipped tonnage.

9. Iluka Resources — Australia (ASX: ILU)

Iluka Resources is developing the Eneabba Rare Earths Refinery in Western Australia, designed for 17,500 tonnes per year of total rare earth oxide, with roughly 80% of that value concentrated in neodymium, praseodymium, dysprosium, and terbium. Feed will initially draw on Iluka’s own monazite stockpile accumulated since the 1990s. Total capital expenditure has risen to A$1.7-1.8 billion, backed by an Australian government loan of A$1.65 billion. Commissioning has been revised from the original 2026 target to 2027, and Iluka is not currently among active praseodymium producers.

10. Indian Rare Earths Limited (IREL) — India

Indian Rare Earths Limited is the state-owned processor operating under India’s Department of Atomic Energy, extracting monazite sands from coastal deposits in Kerala, Odisha, and Tamil Nadu to recover light rare earths including praseodymium. India holds close to 35% of the world’s beach sand mineral deposits, yet output remains a small fraction of that resource base. IREL’s role is expected to grow as India pushes for supply chain scale-up through its membership of the Minerals Security Partnership, though near-term praseodymium output remains modest against the country’s reserve position.

The Outlook for Praseodymium Producers

The praseodymium producers list will keep shifting through 2026 and 2027 as construction-stage projects convert to shipped tonnage. Arafura and Iluka both move from “near-term” to confirmed producer status once Nolans and Eneabba begin output, while the Serra Verde-USA Rare Earth acquisition, if it closes as planned, consolidates Western heavy and light rare earth supply under a single platform for the first time. Chinese quota policy remains the dominant near-term variable: any tightening at Bayan Obo or within the consolidated China Rare Earth Group structure moves NdPr pricing faster than any single Western project can offset. Track current pricing on our praseodymium price page, updated monthly against Shanghai Metals Market benchmarks.