Praseodymium (Pr) is a soft, malleable, and pliable precious chemical/earth element from the lanthanide series. This metal is extremely rare and is found in the planet’s crust in a 3.5 to 5.5 ppm concentration. In mineral ores of bastnasite and monazite, it is made via the ion exchange process via monazite sand.
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It slowly reacts with oxygen, and with water, it reacts rapidly. It looks like a silvery-white element with a tinge of yellow. Its respective melting and boiling points are 1204 K and 3793 K.
Key Details About the Praseodymium 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 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 Price chart, including India Praseodymium price, USA Praseodymium 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 Price Trend:
Praseodymium plays a crucial role in the production of various alloys, particularly when combined with magnesium to create high-strength alloys essential for aircraft engine manufacturing. The Mischmetal alloy, containing 5% praseodymium, is specifically utilized in crafting cigarette lighter flints. Additionally, praseodymium contributes to the formulation of alloys essential for the production of permanent magnets, crucial components in electric generators, wind turbines, hybrid cars, and more.
In the lighting industry, praseodymium finds diverse applications, such as in studio lighting and projection. Carbon arc electrodes, incorporating praseodymium, are employed in these applications. The element also serves as a catalyst in glass polishing and is integral in the production of energy-saving lamps, color televisions, fluorescent lamps, and specialized yellow glasses for welders. These applications contribute significantly to the overall development of various industries.
When examining the Praseodymium Price Trend, Praseodymium Price Index, and Praseodymium Prices, it becomes evident that praseodymium’s versatile applications across industries directly impact its market value. The Praseodymium Price Chart and Praseodymium Price Graph reflect the dynamic nature of its demand and usage in different sectors, showcasing its significance in driving industry trends and economic developments.
Key Players:
- Umicore N.V.
- American Elements
- ESPI Metals
- Stanford Advanced Materials
News & Recent Development
- 14 June 2022- There was a slight increase in cost of domestic metal neodymium, neodymium oxide, praseodymium neodymium alloy, praseodymium oxide, and praseodymium neodymium oxide.
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