Top Industries purchasing Praseodymium (Pr)
Praseodymium is almost always paired with Neodymium to create NdPr alloy for high-strength permanent magnets.
Praseodymium is added to improve the magnet's resistance to demagnetization and corrosion.
Major Individual Company Purchasers
Caution: This content was sourced and arranged by AI and thus may be subject to errors, biases, omissions, or antiquation.
This information can provide a general sense of industry dynamics, but may be unreliable in its specifics, or as an isolated basis for investment decisions.
Praseodymium is almost always paired with Neodymium to create NdPr alloy for high-strength permanent magnets.
Praseodymium is added to improve the magnet's resistance to demagnetization and corrosion.
| Rank | Industry | Volume (MT) | % Usage | Primary Applications |
| 1 | Electric Vehicles (EVs) | ~6,100 | 44.0% | NdPr magnets for high-efficiency traction motors. |
| 2 | Renewable Energy (Wind) | ~2,200 | 16.0% | Permanent magnet generators in direct-drive turbines. |
| 3 | Consumer Electronics | ~1,650 | 12.0% | Voice coil motors (VCMs) for smartphones and HDDs. |
| 4 | Industrial Automation | ~1,380 | 10.0% | High-precision servo motors for robotics. |
| 5 | Traditional Automotive | ~960 | 7.0% | Micro-motors for power seats, windows, and ABS. |
| 6 | Glass & Ceramics Mfg | ~550 | 4.0% | "Didymium" glass for welder’s goggles and yellow stains. |
| 7 | Aerospace & Defense | ~280 | 2.0% | Guidance systems, actuators, and radar components. |
| 8 | Appliances (HVAC) | ~250 | 1.8% | Inverter compressors for high-efficiency air conditioners. |
| 9 | Healthcare / Medical | ~180 | 1.3% | MRI scanners and medical-grade NdFeB magnets. |
| 10 | Metallurgy & Alloys | ~110 | 0.8% | Flint for lighters (mischmetal) and magnesium alloys. |
| 11 | Oil & Gas (Refining) | ~60 | 0.4% | Fluid Catalytic Cracking (FCC) catalysts (as a secondary REE). |
| 12 | Acoustic Engineering | ~45 | 0.3% | High-end audio transducers and headphones. |
| 13 | Optical Fiber & Telecom | ~20 | 0.15% | Praseodymium-doped fiber amplifiers (PDFA) for 1300nm. |
| 14 | Micro-mobility | ~15 | 0.1% | Electric motors for premium e-bikes and scooters. |
| 15 | Power Tools | ~10 | 0.07% | Brushless motors for industrial-grade cordless tools. |
| 16 | Laser Technology | ~5 | 0.03% | Pr:YLF lasers for medical and industrial cutting. |
| 17 | Hydrogen Storage | ~2 | 0.01% | Lanthanum-rich mischmetal for hydrogen sponge alloys. |
| 18 | Nuclear Energy | Trace | <0.01% | Specialized neutron absorbers and monitoring equipment. |
| 19 | Quantum Computing | Trace | <0.01% | Cryogenic magnetic shielding components. |
| 20 | Jewelry & Arts | Trace | <0.01% | Cubic zirconia coloring and rare-earth glass art. |
Major Individual Company Purchasers
- Tesla, Inc.: As a massive consumer of NdPr magnets for its Model 3, Y, and Cybertruck motors, Tesla is one of the world's most significant downstream buyers.
- Apple Inc.: Apple is a leading purchaser of recycled Praseodymium, having transitioned many of its internal magnet components (Taptic Engine, speakers) to 100% recycled rare earths.
- Siemens Gamesa: A primary purchaser of Praseodymium-containing magnets for the massive direct-drive generators used in offshore wind farms.
- General Motors (GM): Through a strategic long-term agreement with MP Materials, GM has secured a domestic U.S. supply of NdPr magnets for its Ultium EV platform.
- Shin-Etsu Chemical Co.: One of the "Big Three" Japanese magnet producers, Shin-Etsu is a major global purchaser of Praseodymium oxide to manufacture high-performance industrial magnets.
- TDK Corporation: A leading electronics giant that purchases significant volumes of Praseodymium for use in HDD heads, sensors, and automotive electronic components.
- BYD Company: As the world's largest manufacturer of plug-in vehicles, BYD consumes vast quantities of Praseodymium, primarily through its vertically integrated Chinese supply chain.
- Fanuc Corporation: A global leader in robotics that purchases NdPr magnets for the high-precision servo motors that power industrial robots.
- Corning Incorporated: Utilizes Praseodymium as a dopant in high-performance optical glass and specialized glass-ceramic products.
Caution: This content was sourced and arranged by AI and thus may be subject to errors, biases, omissions, or antiquation.
This information can provide a general sense of industry dynamics, but may be unreliable in its specifics, or as an isolated basis for investment decisions.