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:
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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:
Praseodymium-neodymium alloy is a rare earth element alloy with very limited yet specific utilizations in the commercial market. The alloy material is primarily used for producing permanent magnetic materials. One of the most common examples of such a permanent magnet is a Neodymium magnet (NdFeB), which is a very strong magnet and is widely used in electronic products, such as battery-powered tools, earphones, mobile phones, hard drives, etc. These magnets are high-powered and durable magnets that are used for heavy performances.
Additionally, the alloy is used as an additive in manufacturing ferrous alloys which are commercially utilized in manufacturing parts of machinery, brake drums, vices gears, shafts, crushers, nuts, bolts, plates, car cylinders, wheels, cutlery, etc.
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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