Praseodymium Neodymium alloy Prices: Latest Price, News, Market Analysis, Historical & Forecast, Database, Chart

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Praseodymium Neodymium Alloy price in its latest pricing dashboard.

Praseodymium Neodymium alloy Prices: Latest Price, News, Market Analysis, Historical & Forecast, Database, Chart

Praseodymium Neodymium Alloy is a silvery-greyish solid metal comprising praseodymium and neodymium molecules in different proportions and are combined to form the alloy variety, forming a double hexagonal close-packed structure. Both are rare earth elements obtained from minerals found on the earth’s crust. It is a solid lanthanide alloy that reacts with oxygen and forms oxides that are basic in nature. The alloy is a malleable and ductile material with good electric conductivity, magnetic and optical properties. It is a common raw material mainly used to manufacture permanent magnets on a large scale.

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Vietnam, Malaysia, and China are the key exporting countries that export praseodymium and neodymium alloys. On the other hand, the key importing countries for the same are Vietnam, Hong Kong, and Japan.

Key Details About the Praseodymium Neodymium Alloy Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Praseodymium Neodymium Alloy price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Praseodymium Neodymium Alloy Price chart, including India Praseodymium Neodymium Alloy price, USA Praseodymium Neodymium Alloy price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Praseodymium Neodymium Alloy Price Trend:

The Praseodymium Neodymium alloy, while rare, finds niche applications in the commercial market, primarily in the production of permanent magnetic materials like Neodymium magnets (NdFeB). These magnets, known for their exceptional strength, are extensively used in electronic devices such as battery-powered tools, earphones, mobile phones, and hard drives, owing to their high performance and durability.

Furthermore, this alloy serves as an additive in the manufacture of ferrous alloys, crucial for various industrial components including machinery parts, brake drums, gears, shafts, crushers, nuts, bolts, plates, car cylinders, wheels, and cutlery.

For those tracking market dynamics, monitoring the Praseodymium Neodymium alloy Price Trend, Praseodymium Neodymium alloy Price Index, and Praseodymium Neodymium alloy Prices through Price Trend charts and graphs provides valuable insights into its commercial trajectory.

Key Players:

  • China Northern Rare Earth
  • China Nonferrous Metal Mining Group
  • Ganzhou Qiandong Rare Earth Group Co., Ltd
  • Sichuan JCC Rare Earth Metals
  • Innuovo Magnetics
  • Shanghai Heli Rare Earth Materials Co Ltd

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