PrNd oxide is sold as a mixed oxide powder typically composed of 75% neodymium oxide and 25% praseodymium oxide, with a minimum purity of 99% total rare earth oxides (TREO). Sales are generally contract-based, with pricing terms in China described as opaque. MP Materials has a Price Protection Agreement with the U.S. Department of War effective from October 1, 2025, to December 31, 2035, which guarantees a minimum price of US$110 per kilogram for PrNd material and includes a provision to share upside pricing once MP Materials' 10X Magnet facility reaches full capacity. Refining terms for PrNd oxide remain uncertain due to the limited number of reduction facilities outside China; Chinese producers typically perform in-house reduction and sell PrNd metal. Treatment charges for refining are estimated between US$4 and US$10 per kilogram. SEG+ precipitate, an intermediate product containing medium and heavy rare earth elements, is produced alongside separated lanthanum, cerium, and PrNd products and sold to separation plants focused on heavy rare earth elements. Pricing and treatment terms for SEG+ precipitate are also uncertain and opaque.
Mp Materials's Comment on Supply Chain
PrNd oxide is sold as a mixed oxide powder typically composed of 75% neodymium oxide and 25% praseodymium oxide, with a minimum purity of 99% total rare earth oxides (TREO). Sales are generally contract-based, with pricing terms in China described as opaque. MP Materials has a Price Protection Agreement with the U.S. Department of War effective from October 1, 2025, to December 31, 2035, which guarantees a minimum price of US$110 per kilogram for PrNd material and includes a provision to share upside pricing once MP Materials' 10X Magnet facility reaches full capacity. Refining terms for PrNd oxide remain uncertain due to the limited number of reduction facilities outside China; Chinese producers typically perform in-house reduction and sell PrNd metal. Treatment charges for refining are estimated between US$4 and US$10 per kilogram. SEG+ precipitate, an intermediate product containing medium and heavy rare earth elements, is produced alongside separated lanthanum, cerium, and PrNd products and sold to separation plants focused on heavy rare earth elements. Pricing and treatment terms for SEG+ precipitate are also uncertain and opaque.
Sources:
Mp Materials Corp 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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