Samarium is a rare earth element found in a very low quantity on the earth’s crust. Sm is the symbol used for Samarium and its atomic number is 62. Metal from the Lanthanide group that is soft and silverish-white in color, Samarium is the fifth most abundantly available rare element and is as regular as tin. This element is relatively stable at room temperature while surrounded by dry air. The oxide of Samarium is used as the core of carbon arc-lamp electrodes, it acts as a catalyst for the dehydration and dehydrogenation of ethanol and is used for making Infrared absorbing glass equipment.
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The key importers of Samarium include countries, namely India, the United States, and Vietnam. Samarium marks its key exporters in the order of China, India, South Korea, and others.
Key Details About the Samarium 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 Samarium 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 Samarium Price trend, including India Samarium price, USA Samarium 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 Samarium Price Trend:
Samarium has its abundance as tin. Its demand and applications are unique. Samarium manufactures Infrared absorption glasses, Samarium-Cobalt Magnets, Optical Lasers, etc. Samarium is used to manufacture ceramics as it provides the material’s hardness, strength, and thermal shock resistance. It acts as a catalyst, a reagent for specific chemical reactions, and a neutron absorber.
Additionally, the compound shows its presence in the Aerospace and Defense industries, environment and energy sectors, and medical and automotive industries.
Key Players:
- American Elements
- Stanford Advanced Materials
- Reade International Corp.
- ESPI Metals
- SkySpring Nanomaterials, Inc.
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