Praseodymium Neodymium alloy Price Chart, Historical and Forecast Analysis Provided by Procurement Resource

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, with its unique properties, finds niche applications within the commercial market. Its primary use lies in the production of permanent magnetic materials, notably exemplified by the widely utilized Neodymium magnet (NdFeB). These magnets, known for their exceptional strength, are integral components in various electronic devices such as battery-powered tools, earphones, mobile phones, and hard drives, ensuring reliable performance.

Furthermore, this alloy serves as an additive in the manufacturing of ferrous alloys, crucial for crafting machinery components including brake drums, gears, shafts, crushers, nuts, bolts, plates, and automotive parts like cylinders and wheels, as well as household items like cutlery.

Monitoring the Praseodymium-Neodymium alloy price trend, index, and fluctuations through price charts and graphs provides insights into market dynamics and aids strategic decision-making in industries reliant on these materials.

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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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

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